Question
XYZ, Inc. just paid dividend of $7.43. The dividends are expected to grow at 1.76% each year forever. The required rate of return on the
XYZ, Inc. just paid dividend of $7.43. The dividends are expected to grow at 1.76% each year forever. The required rate of return on the stock is 11.45%. What is today's price of the stock?
Enter the answer rounded off to two decimal points.
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Financial And Managerial Accounting
Authors: Carl S. Warren, Jefferson P. Jones, William Tayler
16th Edition
0357714040, 9780357714041
