Question
Western Investment Group's last dividend payment was $1.64. The company's cost of equity funds is 18.5% pa and its expected future dividend growth rate is
Western Investment Group's last dividend payment was $1.64. The company's cost of equity funds is 18.5% pa and its expected future dividend growth rate is 5.6% pa. Using the constant dividend growth model, calculate Western Investment Group's share price (P). Give your answer in dollars and cents to the nearest cent.
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Financial Modeling Using Excel And VBA
Authors: Chandan Sengupta
1st Edition
0471267686, 978-0471267683
