Question
The last dividend of Delta, Inc. was $7.75, the growth rate of dividends is expected to be 5.73 percent, and the required rate of return
The last dividend of Delta, Inc. was $7.75, the growth rate of dividends is expected to be 5.73 percent, and the required rate of return on this stock is 11.52 percent. What is the stock price according to the constant growth dividend model?
Round the answer to two decimal places.
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Contemporary Financial Management
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
10th Edition
978-0324289114, 0324289111
