Question: Amarillo Buff Enterprise (ABE) is expected to pay a dividend of $1.47 next year. If the annual dividend is expected to grow at 0.018 forever
Amarillo Buff Enterprise (ABE) is expected to pay a dividend of $1.47 next year. If the annual dividend is expected to grow at 0.018 forever and the equity cost of capital is 0.084 , what is the current price? Instruction: Type ONLY your numerical answer in the unit of dollars, NO $ sign, NO comma, and round to two decimal places. E.g., if your answer is $7,001.56
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