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Tatiana [17]
2 years ago
7

Protsky Inc. paid a dividend of $2.20 per share this year. The dividend growth rate for Protsky's dividends is 3 percent per yea

r. If the required rate of return on Protsky stock is 12 percent, the stock should be valued at $____ per share according to the dividend discount model.
Business
1 answer:
charle [14.2K]2 years ago
5 0
Your answer is eight
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Preparation of Journal entry

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Cr Common Stock 17,500

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Cr Account payable 2,300

c. Dr Cash 13,300

Cr Sales commission 13,300

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Cr Cash 3,000

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(1,500+400)

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