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 3% 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 two decimal places.
$
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Cases In Healthcare Finance
Authors: George H. Pink, Paula H. Song
7th Edition
1640553177, 978-1640553170
