A stock is expected to pay a dividend of $1.26 at the end of the year. The required rate of return is rs = 10.82%, and the expected constant growth rate is g = 1.3%. What is the stock's current price?
A stock is expected to pay a dividend of $1.26 at the end of the year. The required rate of return is rs = 10.82%, and the expected constant growth rate is g = 1.3%. What is the stock's current price?
Financial Management: Theory & Practice
16th Edition
ISBN:9781337909730
Author:Brigham
Publisher:Brigham
Chapter7: Corporate Valuation And Stock Valuation
Section: Chapter Questions
Problem 16P: Crisp Cookware’s common stock is expected to pay a dividend of $3 a share at the end of this year...
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A stock is expected to pay a dividend of $1.26 at the end of the year. The required
Round your answer to two decimal places. For example, if your answer is $345.6671 round as 345.67 and if your answer is .05718 or 5.7182% round as 5.72.
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