Question: ABC is expected to pay a Sh. 0.50 per share dividend at the end of the year (that is, D1 Sh. 0.50). The dividend is

ABC is expected to pay a Sh. 0.50 per share dividend

ABC is expected to pay a Sh. 0.50 per share dividend at the end of the year (that is, D1 Sh. 0.50). The dividend is expected to grow at a constant rate of 7 percent a year. The required rate of return on the stock, ke, is 15 percent. What is the stock's value per share

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