Northern Railways just paid an annual dividend of $2.44 per share. The company has been reducing the
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Northern Railways just paid an annual dividend of $2.44 per share. The company has been reducing the dividends by 15 percent each year, and expects to continue to do so (forever). How much are you willing to pay to purchase stock in this company if your required rate of return is 16 percent?
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780135811603
5th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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