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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Financial Markets And Institutions
Authors: Jeff Madura
9th Edition
1439038848, 978-1439038840
