Corporate FInace Assignment/ Professional Essay Writers
1. Macomb Co just paid a dividend (Do) of $2.16 per share. If the growth rate is at 4.5% and the current required rate of return on the stock is 11.25%, what is the intrinsic (market) price of the stock? Calculate using the discount dividend formula.
a. $25.25.
b. $33.44.
c. $12.89.
d. $46.17. Get Finance Help Today
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