Kam Steel Inc. just paid a dividend of $0.69 per share. The company expects that its dividend
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Kam Steel Inc. just paid a dividend of $0.69 per share. The company expects that its dividend will decline at 2% for the next five years, with 1.5% perpetual decline after this period. An appropriate discount rate for the risk of the company's stock is 5.89%. What should the price of Kam Steel Inc. stock be today?
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780072553079
6th Edition
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
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