Dakota Oranges Company paid an annual dividend of $2.17 per share yesterday. Dividends are expected to grow
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Question:
Dakota Oranges Company paid an annual dividend of $2.17 per share yesterday. Dividends are expected to grow at a constant rate of 2% forever. The required rate of return is 15%.
What is the stock's current value?
Related Book For
Financial Management Theory and Practice
ISBN: 978-1305632295
15th edition
Authors: Eugene F. Brigham, Michael C. Ehrhardt
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