Problemgettysburg grocerys stock is expected to pay a year, Ask an Expert

Accounting

Problem:

Gettysburg Grocery's stock is expected to pay a year end dividend, D1; of $2.00 per share. The dividend is expected to grow at a constant rate of 5 percent,and the stock has a required rate of 9 percent.

Required:

Question: What is the stocks current value per share?

Note: Please show how to work it out.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91167902

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