Fowler is expected to pay a dividend of $1.61 one year from today and $1.76 two years
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Fowler is expected to pay a dividend of $1.61 one year from today and $1.76 two years from today. The company has a dividend payout ratio of 40 percent and the PE ratio is 17.95 times. If the required return on the company's stock is 10.9 percent, what is the current stock price?
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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