Question
Williams Inc. PAID a $4.6 dividend YESTERDAY and that dividend is expected to grow at 3.6% every year thereafter. If the discount rate is 8.1%,
Williams Inc. PAID a $4.6 dividend YESTERDAY and that dividend is expected to grow at 3.6% every year thereafter. If the discount rate is 8.1%, 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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Investment Science
Authors: David G. Luenberger
2nd Edition
0199740089, 978-0199740086
