What is the present value of the 2026 dividend in today's money (as of 2022)? Additional information:
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Question:
What is the present value of the 2026 dividend in today's money (as of 2022)?
Additional information:
Big Chunky just paid a $2.10 per share dividend this year. The dividend is expected to grow at a constant rate of 3% a year. The required rate of return on the stock is 10%.
Stocks current value per share = $30.90
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780135811603
5th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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