Question
Williams Inc. PAID a $3 dividend YESTERDAY and that dividend is expected to grow at 4% every year thereafter. If the discount rate is 10%,
Williams Inc. PAID a $3 dividend YESTERDAY and that dividend is expected to grow at 4% every year thereafter. If the discount rate is 10%, what would be the present value of the expected dividend stream (aka the expected price of the firm's stock)?
a. 52.00
b. 30.00
c. 0.50
d. 75.00
e. 50.00
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Finance Markets Investments And Financial Management
Authors: Daisy Scott
1st Edition
1639892001, 9781639892006
