Based on analysis of company and expected industry and economic conditions natural industries is expected to earn $4.80 per share of common stock next year. The company has a policy of consistently paying 100% of its earnings in dividend. Investors holding natural shares expect to earn 12% and expect a dividend growth rate of 9%. 

What would you expect today's price of its shares?

Answer rating: 100% (QA)

We can estimate the expected share price today present value using the Constant ... View the full answer