Crystal Glass recently paid $3.60 as an annual dividend. Future dividends are projected at $3.80, $4.10, and
Fantastic news! We've Found the answer you've been seeking!
Question:
Crystal Glass recently paid $3.60 as an annual dividend. Future dividends are projected at $3.80, $4.10, and $4.25 over the next 3 years, respectively. Beginning 4 years from now, the dividend is expected to increase by 3.25 percent annually. What is one share of this stock worth to you if you require a 12.5 percent rate of return on similar investments?
- $42.92
- $43.40
- $45.12
- $45.88
- $46.50
Related Book For
Essentials of Statistics for Business and Economics
ISBN: 978-1305081598
7th edition
Authors: David Anderson, Thomas Williams, Dennis Sweeney, Jeffrey Cam
Posted Date: