ABC company issued ABC stock. The stock has a face value of $30. The company currently pays
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ABC company issued ABC stock. The stock has a face value of $30. The company currently pays a dividend of $4 per share. It is estimated that the company’s dividend will grow at a constant rate of 10%. The stock’s required rate of return is 12%. What is your estimation of the stock’s current price?
Related Book For
Fundamentals of Financial Management
ISBN: 978-0324272055
10th edition
Authors: Eugene F. Brigham, Joel F. Houston
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