Whistle Stop Trains pays a constant $16 dividend on its stock. The company will maintain this dividend
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Question:
Whistle Stop Trains pays a constant $16 dividend on its stock. The company will maintain this dividend for the next 14 years and will then cease paying dividends forever. What is the current price per share if the required return on this stock is 15 percent?
A). $77.78rn
B). $82.48rn
C). $91.59rn
D). $106.67rn
E). $112.00
Related Book For
Personal Finance
ISBN: 978-1259720680
12th edition
Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart
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