Respond briefly to the following statement: You say stock price equals the present value of future dividends?

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Respond briefly to the following statement:
“You say stock price equals the present value of future dividends? That’s crazy! All the investors I know are looking for capital gains.”

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Principles of Corporate Finance

ISBN: 978-0077404895

10th Edition

Authors: Richard A. Brealey, Stewart C. Myers, Franklin Allen

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Question Posted: Dec 31, 2012 10:30 AM

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Respond briefly to the following statement: You say stock price equals the present value of future dividends?

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Principles of Corporate Finance

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