Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $14, but management expects to reduce the payout by 3 percent per year indefinitely. If you require a return of 9.6 percent on this stock, what will you pay for a share today?
Chapter 6, Questions and Problems #20
Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $14, but management expects to reduce the payout by 3 percent per year indefinitely. If you require a return of 9.6 percent on this stock, what will you pay for a share today?
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Corporate Finance Core Principles And Applications
6th Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
ISBN: 9781260571127