Question
Whistle Stop Trains pays a constant $15 dividend on its stock. The company will maintain this dividend for the next 15 years and will then
Whistle Stop Trains pays a constant $15 dividend on its stock. The company will maintain this dividend for the next 15 years and will then cease paying dividends forever. What is the current price per share if the required return on this stock is 14 percent?
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
9th Edition
0324656122, 978-0324656121
