Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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A company paid $111 per share in dividend this year, the company expects to grow at the rate of 12% per year in the foreseeable future. the shareholders though expect a return of 13.5% every year from investing in the company. What price should they offer for a share of the stock. $8500 $7400 $7700 $8100
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