TLC Corp. will pay an annual dividend tomorrow of $2.23. The market expects a return of 9%,

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TLC Corp. will pay an annual dividend tomorrow of $2.23. The market expects a return of 9%, and you expect TLC will grow at 4.8%. With these assumptions, what is the price you are willing to pay for the stock?

Related Book For answer-question

Intermediate Financial Management

ISBN: 978-1111530266

11th edition

Authors: Eugene F. Brigham, Phillip R. Daves

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Posted Date: Feb 29, 2024 12:22 AM

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TLC Corp. will pay an annual dividend tomorrow of $2.23. The market expects a return of 9%,

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Intermediate Financial Management

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