Question
Tresnan Brothers is expected to pay a $1.70 per share dividend at the end of the year (i.e., D 1 = $1.70). The dividend is
Tresnan Brothers is expected to pay a $1.70 per share dividend at the end of the year (i.e., D1 = $1.70). The dividend is expected to grow at a constant rate of 9% a year. The required rate of return on the stock, rs, is 19%. What is the stock's current value per share? Round your answer to the nearest cent.
$
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The New CFO Financial Leadership Manual
Authors: Steven M. Bragg
3rd Edition
0470882565, 978-0470882566
