Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Financial management question 

Boehm Inc. is expected to pay a S1.50 per share dividend at the end of this year (i.e., DI = S1.50). The dividend is expected to grow at a constant rate of 7% a year. The required rate of retum on the stock, r, is 15%. What is the value per share of Boehm's stock?
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Transcribed Image Text:Boehm Inc. is expected to pay a S1.50 per share dividend at the end of this year (i.e., DI = S1.50). The dividend is expected to grow at a constant rate of 7% a year. The required rate of retum on the stock, r, is 15%. What is the value per share of Boehm's stock?
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