Question
You expect to sell MyCo stocks for $28 per share two years from today. You expect to receive $1 dividend the first year, and a
You expect to sell MyCo stocks for $28 per share two years from today. You expect to receive $1 dividend the first year, and a $1.10 dividend the second year. For a 16% market capitalization rate, what is the maximum you should pay for this stock?
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
