Macys just paid a dividend of $1.80. If the required return is 12% and the dividend is
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Macy’s just paid a dividend of $1.80. If the required return is 12% and the dividend is expected to grow at a constant rate of 6% what is the most you would be willing to pay for the stock today?
Related Book For
Financial management theory and practice
ISBN: 978-1439078099
13th edition
Authors: Eugene F. Brigham and Michael C. Ehrhardt
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