The growth of FSL Inc. is -6% per year. The stock just paid a dividend of $3.00
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Question:
The growth of FSL Inc. is -6% per year. The stock just paid a dividend of $3.00 per share. investors require a return of 15% to invest in FSL.
a) what is the price of a share of the stock today?
b) what is the expected price next year?
c) what is your rate of return for a 1 year investment in FSL?
Related Book For
Corporate Finance Core Principles And Applications
ISBN: 9781260571127
6th Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
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