Brigapenski Co. has just paid a cash dividend of $2 per share. Investors require a 16% return

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Brigapenski Co. has just paid a cash dividend of $2 per share. Investors require a 16% return on investments like this. If the dividend is expected to grow at a constant rate of 8% per year, what is the present value of the shares?

Related Book For answer-question

Financial Management Theory and Practice

ISBN: 978-1305632295

15th edition

Authors: Eugene F. Brigham, Michael C. Ehrhardt

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Posted Date: Jul 19, 2023 06:05 AM

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Brigapenski Co. has just paid a cash dividend of $2 per share. Investors require a 16% return

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Financial Management Theory and Practice

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