1. Epo Pharmaceuticals Inc. has an issue of preferred stock outstanding that has a required rate of...
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1. Epo Pharmaceuticals Inc. has an issue of preferred stock outstanding that has a required rate of return of 9% and pays $6 annual dividends. If the preferred share were issued 3 years ago, what is the current price per share?
2. Cascade industries inc. intends to pay a common stock dividend of $3.18 one year from today and the firm anticipates that the dividend will continue to grow at a rate of 2% per year indefinitely. if the firm has a 13% required rate of return, what is the current price per share of stock?
Related Book For
Corporate Finance Core Principles and Applications
ISBN: 978-0077905200
3rd edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford
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