Common stock value: Constant growth Seagate Technology is a global leadur in data storage nolutins and a hegh-yeld dividend payer From 2015 through 2019, Seagate paid he wing per ahare dvidend Year 2019 2018 2017 2016 2015 Dividend per share $7 49 224 183 1.22 1.53 Assume that the historical annual grewth rate of Seagate dividends in an accurate estimale of te ure constant annaal dividend growth rate Use a 19% equired rate of rotum ta fed te value of Seagate's stack Immediately after it paid its 2019 dividend of $2 49 The vakue of Seagate's stock is (Round to the nearest cent)
Common stock value: Constant growth Seagate Technology is a global leadur in data storage nolutins and a hegh-yeld dividend payer From 2015 through 2019, Seagate paid he wing per ahare dvidend Year 2019 2018 2017 2016 2015 Dividend per share $7 49 224 183 1.22 1.53 Assume that the historical annual grewth rate of Seagate dividends in an accurate estimale of te ure constant annaal dividend growth rate Use a 19% equired rate of rotum ta fed te value of Seagate's stack Immediately after it paid its 2019 dividend of $2 49 The vakue of Seagate's stock is (Round to the nearest cent)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter11: Determining The Cost Of Capital
Section: Chapter Questions
Problem 5P
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