Problemanton inc just paid a dividend of 195 per share on, Ask an Expert

Accounting

Problem:

Anton, Inc. just paid a dividend of $1.95 per share on its stock. The dividends are expected to grow at a constant rate of 4.1 percent per year, indefinitely. Assume investors require a return of 10.2 percent on this stock.

Required:

Question 1: What is the current price?

Question 2: What will the price be in 3 years and in 15 years?

Note: Please provide full description.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91172736

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