Consider a stock that just paid a dividend of $5.00 per share with dividends growing at a constant 4% per year. If my required return is 13%, what is the stock worth to me?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter8: Basic Stock Valuation
Section: Chapter Questions
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  1. Consider a stock that just paid a dividend of $5.00 per share with dividends growing at a constant 4% per year. If my required return is 13%, what is the stock worth to me?
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