Must Vote, Inc., has been in the business for quite some time. Its net income last year
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Must Vote, Inc., has been in the business for quite some time. Its net income last year was $1.3 million, and it has 500,000 shares outstanding. It is estimated that Must Vote, Inc. is a mature firm and is growing at a constant rate of 3.0%. It has no debt and all income is paid out as dividends to its shareholders. Assuming a 13% cost of capital, what should the current stock price of Must Vote, Inc. be?
Related Book For
Introduction To Federal Income Taxation In Canada
ISBN: 9781554965021
33rd Edition
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
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