Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Pembina Pipelines paid its last quarterly dividend 1 month(s) ago and the amount was $1.68 per share. If you expect Pembina's dividends to have a growth rate of 2.01% per quarter, what should be its current price per share if its equity cost of capital is 10.3% EAR?
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