Question
You are investing in a share of stock. The share just paid a dividend of $4.61. The dividend has been growing and is expected to
You are investing in a share of stock. The share just paid a dividend of $4.61. The dividend has been growing and is expected to grow forever at a rate of 5.26% per year. You require a 15.92% rate of return on the stock investment. What would be a fair price/share in 10 years?
(Answer to nearest $0.01)
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Financial Management For Nurse Managers And Executives
Authors: Cheryl Jones, Steven A. Finkler, Christine T. Kovner
4th Edition
1455700886, 9781455700882
