question archive A Company paid its first annual dividend yesterday in the amount of $0
A Company paid its first annual dividend yesterday in the amount of $0
Subject:FinancePrice: Bought3
A Company paid its first annual dividend yesterday in the amount of $0.15 a share. The company plans to double the dividend in each of the next 3 years. Starting in Year 4, the firm plans to pay $1.50 a share indefinitely. What is the price of the stock today if the market rate of return on similar securities is 13.8 percent?
