Question
You have been researching a company and have estimated that the firm's stock will sell for $46 a share one year from now. You also
You have been researching a company and have estimated that the firm's stock will sell for $46 a share one year from now. You also estimate the stock will have a dividend yield of 4.0 percent. How much are you willing to pay per share today to purchase this stock if you desire a total return of 19 percent on your investment?
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Finance Directors Handbook
Authors: Glynis D Morris, Sonia McKay, Andrea Oates
5th Edition
1566768691, 978-1566768696
