Answer:
$6.29
Explanation:
Dividend is $1.31 per share
Decreased by 4%
Required return is 16%
Therefore:
Price = [$1.31 × (1 - .04)]/[.16 - (-.04)] = $6.29
Answer:
Explanation:
Which of the following tasks are least likely to be part of the accountant's role in ... be done, which are technical, environmental, legal, operational, and sensible.
Answer:
Hi,
What is your question exactly in this. :)
Answer: $23.57
Explanation:
We are going to use growth dividend discount model to solve the question where Do = Div/r - g
where Po = stock price
Div = Estimated dividend for following period
r = required rae of return
g = growth rate
Po = 3.10/0.15 - 0.0185
= $23.57