Question
The PRO co. paid $5 recently. However, it projected to pay $0 dividend per share in the next two years due to a very terrible
The PRO co. paid $5 recently. However, it projected to pay $0 dividend per share in the next two years due to a very terrible project, then dividend is expected to be $6 forever. PRO beta is 1.3; Average market return is 12%; Treasury rate is 2.5%. What is PRO stock price?
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
