17. Gummo Corporation just paid a dividend of $0.75 per share, and that dividend is expected to...
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17. Gummo Corporation just paid a dividend of $0.75 per share, and that dividend is expected to grow at a constant rate of 6.5% per year. The company's beta is 0.95, the required return on the market is 10.5%, and the risk-free rate is 4.5%. What is the company's current stock price?
Related Book For
Financial Management Theory and Practice
ISBN: 978-1305632295
15th edition
Authors: Eugene F. Brigham, Michael C. Ehrhardt
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