Victoria's Vineyards paid a dividend of $2.67 per share last year. The dividend is expected to grow

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Victoria's Vineyards paid a dividend of $2.67 per share last year. The dividend is expected to grow by 3.5% annually. What is one share of this stock worth today if the appropriate discount rate is 16%? (Round your answer to two decimal places.)

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Fundamentals Of Corporate Finance

ISBN: 9780135811603

5th Edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

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Posted Date: Jun 23, 2023 04:44 AM

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Victoria's Vineyards paid a dividend of $2.67 per share last year. The dividend is expected to grow

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To calculate the value of one share of Victorias Vineyards stock today we can use the dividend dis... View the full answer

Fundamentals Of Corporate Finance

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