Question
Williams Inc. is expected to pay a $9 dividend next year and that dividend is expected to grow at 3.9% every year thereafter. If the
Williams Inc. is expected to pay a $9 dividend next year and that dividend is expected to grow at 3.9% every year thereafter. If the discount rate is 11.9%, what would be the present value of the expected dividend stream (aka the expected price of the firm's stock)?Answer to 2 decimal places.
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Financial Management Theory and Practice
Authors: Eugene F. Brigham, Michael C. Ehrhardt
16th edition
1337902608, 978-1337902601
