A company has just announced a dividend of $0.80 for this year and $0.835 for the next

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A company has just announced a dividend of $0.80 for this year and $0.835 for the next year. Dividends are expected to grow at a constant rate indefinitely.

What is the current stock price if the required return is 13.1 percent?

Related Book For answer-question

Financial management theory and practice

ISBN: 978-1439078099

13th edition

Authors: Eugene F. Brigham and Michael C. Ehrhardt

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Posted Date: Apr 27, 2024 04:00 AM

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A company has just announced a dividend of $0.80 for this year and $0.835 for the next

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To calculate the current stock price using the constant growth rate model we ca... View the full answer

Financial management theory and practice

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