The stock of Spy Company typically provides*an average rate of return of12.4percent. The firm's next annual dividend
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The stock of Spy Company typically provides * an average rate of return of 12.4 percent. The firm's next annual dividend is projected at $.89 with future increases of 2.1 percent per year. What price should you pay for this stock if you are satisfied with the firm's average rate of return?
Related Book For
Financial management theory and practice
ISBN: 978-1439078099
13th edition
Authors: Eugene F. Brigham and Michael C. Ehrhardt
Posted Date: