Question
The last dividend of Delta, Inc. was $5.17, the growth rate of dividends is expected to be 4.83 percent, and the required rate of return
The last dividend of Delta, Inc. was $5.17, the growth rate of dividends is expected to be 4.83 percent, and the required rate of return on this stock is 12.04 percent. What is the stock price according to the constant growth dividend model?
Round the answer to two decimal places.
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Modern Portfolio Theory and Investment Analysis
Authors: Edwin Elton, Martin Gruber, Stephen Brown, William Goetzmann
9th edition
9781118805800, 1118469941, 1118805801, 978-1118469941
