Ring Panda, a fashion jewellery distributor, issues dividends semi-annually. The most recent dividend was $1.5, dividends are
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Ring Panda, a fashion jewellery distributor, issues dividends semi-annually. The most recent dividend was $1.5, dividends are expected to grow at 8% p.a, compounded semi-annually, and the cost of equity is 15% p.a, compounded semi-annually. In addition to its existing dividend scheme, Ring Panda intends to also issue a $3.4 special dividend one quarter from now. What is the share price of Ring Panda?
Related Book For
Financial Reporting Financial Statement Analysis and Valuation
ISBN: 978-0324302950
6th edition
Authors: Clyde P. Stickney
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