Northern Star Motor Company's last dividend payment was $1.08. The company's cost of equity funds is14.9% paand
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Question:
Northern Star Motor Company'slastdividend payment was $1.08. The company's cost of equity funds is14.9% paand its expected future dividend growth rate is4.6% pa. Using the constant dividend growth model, calculate Northern Star Motor Company's share price(P). Give your answer in dollars and cents to the nearest cent.
P =$
Related Book For
Intermediate Financial Management
ISBN: 9780357516669
14th Edition
Authors: Eugene F Brigham, Phillip R Daves
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