Question
Tresnan Brothers is expected to pay a $3 per share dividend at the end of the year (i.e., D1 = $3). The dividend is expected
Tresnan Brothers is expected to pay a $3 per share dividend at the end of the year (i.e., D1 = $3). The dividend is expected to grow at a constant rate of 7% a year. The required rate of return on the stock, rs, is 14%. What is the stock's current value per share? Round your answer to two decimal places.
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International Financial Reporting And Analysis
Authors: David Alexander, Ann Jorissen, Martin Hoogendoorn
8th Edition
978-1473766853, 1473766850
