Business, 22.01.2022 02:20 QueenNerdy889
Pasqually Mineral Water, Inc., will pay a quarterly dividend per share of $1.40 at the end of each of the next 12 quarters. Thereafter, the dividend will grow at a quarterly rate of 1.2 percent, forever. The appropriate rate of return on the stock is 10 percent, compounded quarterly.
Required:
What is the current stock price?
Answers: 1
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Pasqually Mineral Water, Inc., will pay a quarterly dividend per share of $1.40 at the end of each o...
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