Question
Vcast Inc., is expected to grow at a constant rate of 6 percent will pay a dividend of $2.5 next year . The current market
Vcast Inc., is expected to grow at a constant rate of 6 percent will pay a dividend of $2.5 next year . The current market price of the stock is $32. If investors require a return of 15% on similar stocks, how much is the stock worth and is the current market price a good buy?
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Financial Management Principles And Applications
Authors: J William Petty, Sheridan Titman, Arthur J Keown, John D Martin, Peter Martin, Michael Burrow, Hoa Nguyen
6th Edition
1442539178, 9781442539174
