Tresnan Brothers is expected to pay a $3.20 per share dividend at the end of the year (l.e., D₁ = $3.20). The dividend is expected to grow at a constant rate of 3% a year. The required rate of return on the stock, rs, is 12%. What is the stock's current value per share? Round your answer to the nearest cent.
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- Tresnan Brothers is expected to pay a $1.60 per share dividend at the end of the year (i.e., D1 = $1.60). The dividend is expected to grow at a constant rate of 10% a year. The required rate of return on the stock, rs, is 17%. What is the stock's current value per share? Round your answer to the nearest cent.Trent Brothers is expected to pay a $3.80 per share dividend at the end of the year (i.e., D1 = $3.80). The dividend is expected to grow at a constant rate of 10% a year. The required rate of return on the stock, rs, is 19%. What is the stock's current value per share? Round your answer to the nearest cent.Tresnan Brothers is expected to pay a $2.9 per share dividend at the end of the year (i.e., D1 = $2.9). The dividend is expected to grow at a constant rate of 9% a year. The required rate of return on the stock, rs, is 16%. What is the stock's current value per share? Round your answer to two decimal places.
- Tresnan Brothers is expected to pay a $1.60 per share dividend at the end of the year (i.e., D1 = $1.60). The dividend is expected to grow at a constant rate of 9% a year. The required rate of return on the stock, rs, is 17%. What is the stock's current value per share? Round your answer to the nearest cent. $ ______ Travis Industries plans to issue perpetual preferred stock with an $11.00 dividend. The stock is currently selling for $106.00, but flotation costs will be 7% of the market price, so the net price will be $98.58 per share. What is the cost of the preferred stock, including flotation? Round your answer to two decimal places. ________ %Boehm Incorporated is expected to pay a $2.20 per share dividend at the end of this year (i.e., D1 = $2.20). The dividend is expected to grow at a constant rate of 7% a year. The required rate of return on the stock, rs, is 17%. What is the estimated value per share of Boehm's stock? Do not round intermediate calculations. Round your answer to the nearest cent.Genius Lab is expected pay $1 dividend per share at the end of the year. The dividend will grow 50% the following year (i.e., $1.5 is the second year dividend), then at 4% thereafter. If the required return for Genius Lab s is 7.5%, what is the intrinsic value of the stock? Round your answer to two decimal places.