Question
TinTak Corp. just paid an annual dividend of $ 9. The company follows a dividend policy that raises dividends annually at a rate of 4
TinTak Corp. just paid an annual dividend of $ 9. The company follows a dividend policy that raises dividends annually at a rate of 4 % (and expects this rate to go forever) The required rate of return is 12%. What is today's stock price?
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Empirical Finance
Authors: Sardar M. N. Islam, Sethapong Watanapalachaikul
1st Edition
3790815519, 978-3790815511
