Question
urgent Suppose ABC Incorporated (ABC) will be paying a cash dividend of $2.40 per share at the end of this year. Investors expect that this
urgent
Suppose ABC Incorporated (ABC) will be paying a cash dividend of $2.40 per share at the end of this year. Investors expect that this dividend will continue to grow by five percent per year (each year) into the future. If the required return is 12%, what should be the current price per share of ABC stock?
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
