Question
The next year the common stock of Gold Corp. will pay a dividend of $3.50 per share. If the company is growing at a rate
The next year the common stock of Gold Corp. will pay a dividend of $3.50 per share. If the company is growing at a rate of 2.84 percent per year, and your required rate of return is 10.22 percent, what is Gold's company stock worth to you?
Round the answer to two decimal places.
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Personal Finance Building Your Future
Authors: Robert B. Walker, Kristy P. Walker
1st edition
9780077861728, 978-0073530659
