Year Dividends (RM) 2020 3,28 2019 3.01 2018 2.76 2017 2.53 2016 2.32 2015 2.13 Cha owns stock in a company which has paid the annual dividends shown in the above table. The required return is assumed to be 12 percent. Using the constant growth model, calculate the per share value of the stock.
Year Dividends (RM) 2020 3,28 2019 3.01 2018 2.76 2017 2.53 2016 2.32 2015 2.13 Cha owns stock in a company which has paid the annual dividends shown in the above table. The required return is assumed to be 12 percent. Using the constant growth model, calculate the per share value of the stock.
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 74E: Cumulative Preferred Dividends Capital stock of Barr Company includes: As of December 31, 2018, 2...
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Year Dividends (RM)
2020 3,28
2019 3.01
2018 2.76
2017 2.53
2016 2.32
2015 2.13
Cha owns stock in a company which has paid the annual dividends shown in the above table.
- The required return is assumed to be 12 percent. Using the constant growth model, calculate the per share value of the stock.
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