Question
The stock in Fake Company Tau carries a dividend of $2.95. That dividend has not changed in many years and is not expected to change
The stock in Fake Company Tau carries a dividend of $2.95. That dividend has not changed in many years and is not expected to change anytime soon. If your opportunity cost of money is 12.5%, what is an appropriate price (for you) of this stock?
$36.00
$26.55
$23.60
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Principles Of Finance With Excel
Authors: Simon Benninga
2nd Edition
0199755477, 9780199755479
