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Wyatt oil presently pays no dividend. You anticipate Wyatt Oil will begin paying an annual dividend of $0.46 per share two years from today (T=2)
Wyatt oil presently pays no dividend. You anticipate Wyatt Oil will begin paying an annual dividend of $0.46 per share two years from today (T=2) and you expect dividends to grow by 4.2% per year thereafter. If Wyatt Oil's cost of equity capital is 11.9%, then the value of one share of Wyatt oil today is closest to: A. $3.46 B. $3.87 C. $5.34 D. $0.46 E. $4.77 OF. $5.98
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