Emieloy2200 Emieloy2200
  • 25-11-2020
  • Business
contestada

Sam is evaluating a stock that is expected to pay a $1.64 per share dividend at the end of the current year. He expects the dividend to grow by 3.8% per year and has determined that 11% is an appropriate required return for the stock. What is the highest amount he should pay for the stock?

Respuesta :

23lovekoch
23lovekoch 23lovekoch
  • 25-11-2020

Answer:

10,900

Explanation:

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