PRE Ltd has increased its dividend each year of its life by 4% p.a. and is expected

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PRE Ltd has increased its dividend each year of its life by 4% p.a. and is expected to continue doing so into the foreseeable future. Yesterday, the company paid a dividend of $2.00 and the required return on its shares has been 8%.

The dollar amount by which its current share price will change if the required return on its shares rises to 10% is what?

Related Book For answer-question

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1337614689

9th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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Posted Date: Jun 08, 2023 04:43 AM

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PRE Ltd has increased its dividend each year of its life by 4% p.a. and is expected

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To calculate the change in the current share price of PRE Ltd if the required return on its shares r... View the full answer

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

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