Question
Tresnan Brothers is expected to pay a $3.3 per share dividend at the end of the year (i.e., D 1 = $3.3). The dividend is
Tresnan Brothers is expected to pay a $3.3 per share dividend at the end of the year (i.e., D1 = $3.3). The dividend is expected to grow at a constant rate of 8% a year. The required rate of return on the stock, rs, is 11%. What is the stock's current value per share? Round your answer to two decimal places.
$
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The Theory And Practice Of Investment Management
Authors: Frank J Fabozzi, Harry M Markowitz
2nd Edition
0470929901, 9780470929902
