A company will be paying a dividend of $4.46 next. If the cost of equity is 11%,

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A company will be paying a dividend of $4.46 next. If the cost of equity is 11%, what would be the approximate price of the stock today if the company is expected to grow at 4% for the foreseeable future?

Related Book For answer-question

Corporate Finance A Focused Approach

ISBN: 978-1305637108

6th edition

Authors: Michael C. Ehrhardt, Eugene F. Brigham

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Posted Date: Sep 27, 2023 01:54 AM

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A company will be paying a dividend of $4.46 next. If the cost of equity is 11%,

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The price of a stock can be estimated using the Gordon Growth Model ... View the full answer

Corporate Finance A Focused Approach

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