Solved: Stock Price Refer to 99. Suppose that a stock pays
Chapter , Problem 13.3.100(choose chapter or problem)
Stock Price Refer to 99. Suppose that a stock pays an annual dividend of $2.50 and, historically, the dividend has increased 4 % per year. You desire an annual rate of return of 11 %. What is the most that you should pay for the stock?
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