General Importers announced that it will pay a dividend of $4.35 per share one year from today.

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General Importers announced that it will pay a dividend of $4.35 per share one year from today. After that, the company expects a slowdown in its business and will not pay a dividend for the next 7 years. Then, 9 years from today, the company will begin paying an annual dividend of $2.45 forever. The required return is 12.8 percent. What is the price of the stock today?

Posted Date: May 19, 2024 03:15 AM

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General Importers announced that it will pay a dividend of $4.35 per share one year from today.

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