Wansley Corporation is currently paying a dividend of $1.60 per year, and this dividend is expected to

Question:

Wansley is currently paying a of $1.60 per year, and this is expected to grow at a constant rate of 8 percent a year. Investors require a 16 percent rated return on Wansley. What is its estimated price? Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...