Question
Timco has paid 2.50 per share to the preferred shareholders each year for the past 20 years. We believe this will continue forever. Timco has
Timco has paid 2.50 per share to the preferred shareholders each year for the past 20 years. We believe this will continue forever. Timco has a beta of 1.6, the risk free rate is 2% and the market is expected to earn 11%. What would be a fair price for the Timco stock?
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Personal Finance A Practical Approach
Authors: Jane King, Mary Carey
1st Edition
0199668833, 9780199668830
