Question
Unique stores common stock pays a constant annual dividend of $1.75 a share. What is the value of this stock at a discount rate of
Unique stores common stock pays a constant annual dividend of $1.75 a share. What is the value of this stock at a discount rate of 13.25 percent?
a. $12.50 b. $13.33 c. $13.21 d. $12.88 e. $14.18
(Please show steps and you can use a financial calculator as well).
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Entrepreneurial Finance Strategy, Valuation, And Deal Structure
Authors: Janet Smith, Richard Smith, Richard Bliss
1st Edition
0804770913, 9780804770910
