Question
Thomas Brothers is expected to pay a $0.60 per share dividend at the end of the year (that is, D1 = $0.60). The dividend is
Thomas Brothers is expected to pay a $0.60 per share dividend at the end of the year (that is, D1 = $0.60). The dividend is expected to grow at a constant rate of 5.5% a year. The required rate of return on the stock, Ke, is 15%. What is the stock's current value per share?
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The Financial System Financial Regulation And Central Bank Policy
Authors: Thomas F. Cargill
1st Edition
1107035678, 9781107035676
