Question
Toronto Skates Inc. is paying dividends on a regular basis with a constant growth rate. The dividend last year was $ 1.00 and this year
Toronto Skates Inc. is paying dividends on a regular basis with a constant growth rate. The dividend last year was $ 1.00 and this year is $1.25. If the required rate of return is 12%, what is the price of the stock?
| A | $10.42 |
| B | $8.33 |
| C | 5.00 |
| D | Cannot be calculated |
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A Course In Derivative Securities
Authors: Kerry Back
2005th Edition
3540253734, 978-3540253730
