Question
Woidtke Manufacturing's stock currently sells for $15 a share. The stock just paid a dividend of $1.50 a share (i.e., D 0 = $1.50), and
Woidtke Manufacturing's stock currently sells for $15 a share. The stock just paid a dividend of $1.50 a share (i.e., D0 = $1.50), and the dividend is expected to grow forever at a constant rate of 5% a year. What stock price is expected 1 year from now? Round your answer to the nearest cent.
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Securitisation Derivatives A Practioner's Handbook
Authors: Mark Aarons, Vlad Ender, Andrew Wilkinson
1st Edition
1119532272, 978-1119532279
