A firm just paid an annual dividend of $3.50 per share. Dividends are expected to grow at
Fantastic news! We've Found the answer you've been seeking!
Question:
A firm just paid an annual dividend of $3.50 per share. Dividends are expected to grow at 5% per year. If the discount rate for this firm is 12%, how much is a share of this firm worth?Group of answer choices a)29.17,B 50, c)30.63, d)52.50
Related Book For
Fundamentals of Investment Management
ISBN: 978-0078034626
10th edition
Authors: Geoffrey Hirt, Stanley Block
Posted Date: