A company has two million shares outstanding. It paid a dividend of $2 during the past year,
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A company has two million shares outstanding. It paid a dividend of $2 during the past year, and expects that dividend will grow at 6 percent annually in the future. Stockholders require a rate of return of 13 percent. What would you expect the price of each share to be today, and what is the value of the company
Related Book For
Financial Reporting Financial Statement Analysis and Valuation
ISBN: 978-0324302950
6th edition
Authors: Clyde P. Stickney
Posted Date: