Problembensen co paid a dividend of 525 on its common stock, Ask an Expert

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Problem:

Bensen Co. paid a dividend of $5.25 on its common stock yesterday. The company's dividends are expected to grow at a constant rate of 8.5% indefinitely. If the required rate of return on this stock is 15.5%,

Required:

Question: Compute the current value per share of Bensen Co. stock.

Note: Please show how you came up with the solution.

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Category:- Basic Finance
Reference No.:- M91149369

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