Husky Kennels will pay a quarterly common share dividend of $0.20 at the end of the next

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Husky Kennels will pay a quarterly common share dividend of $0.20 at the end of the next quarter. The required return on common shares is 8 percent and the firm has a constant growth rate of 3 percent. Compute the price of a common share of Husky.

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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Foundations of Financial Management

ISBN: 978-1259024979

10th Canadian edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta

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