Question
Williams Inc. is expected to pay a $9 dividend next year and that dividend is expected to grow at 3.4% every year thereafter. If the
Williams Inc. is expected to pay a $9 dividend next year and that dividend is expected to grow at 3.4% every year thereafter. If the discount rate is 11.6%, 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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Advanced Financial Accounting
Authors: Richard Baker, Theodore Christensen, David Cottrell
9th edition
78110920, 978-0077899165, 77899164, 978-0077484255, 77484258, 978-0078110924
