Question
The next dividend for GTA2 corp will be $4 per share. Investors require a 16% return. Dividends of GTA2 increases by 6% every year. Based
The next dividend for GTA2 corp will be $4 per share. Investors require a 16% return. Dividends of GTA2 increases by 6% every year. Based on this information what is the value of the stock today? (constant growth model)
Answer: $40.00
********PLEASE TRANSLATE HOW ANSWER WAS DETERMINED USING A FINANCIAL CALCULATOR*****************
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Principles Of Finance With Excel
Authors: Simon Benninga, Tal Mofkadi
3rd Edition
0190296380, 9780190296384
