Steady Company pays annual dividends and just paid a dividend of $1.00. You assume Steady Companys dividends
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Steady Company pays annual dividends and just paid a dividend of $1.00. You assume Steady Company’s dividends are expected to grow by 15.00% per year indefinitely and that the required return is 10.00% p.a. Based on this information, what is the price of a Steady Company share?
Related Book For
Fundamentals of Investing
ISBN: 978-0133075359
12th edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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