Fi515
Submitted by: Submitted by Ginag567
Views: 137
Words: 1033
Pages: 5
Category: Business and Industry
Date Submitted: 10/25/2013 07:12 AM
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|Question : |
|(TCO D) A share of common stock just paid a dividend of $1.00. If the expected long-run growth rate for this stock is 5.4%, and if |
|investors' required rate of return is 11.4%, what is the stock price? |
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|Student Answer: |
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|[pic]$16.28 |
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|[pic]$16.70...
