Question
Tresnan Brothers is expected to pay a $4.00 per share dividend at the end of the year (i.e., D 1 = $4.00). The dividend is
Tresnan Brothers is expected to pay a $4.00 per share dividend at the end of the year (i.e., D1 = $4.00). The dividend is expected to grow at a constant rate of 10% a year. The required rate of return on the stock, rs, is 18%. What is the stock's current value per share? Round your answer to the nearest cent.
$
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Analysis For Financial Management
Authors: Robert Higgins, Jennifer Koski, Todd Mitton
13th Edition
1260772365, 978-1260772364
