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samualson samualson
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5 years ago
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%, compute the current value per share of Bensen Co. stock.
A) $81.38
B) $76.43
C) $56.23
D) $43.90
Textbook 
Foundations of Finance

Foundations of Finance


Edition: 9th
Authors:
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guzmanguzman
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samualson Author
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#2
5 years ago
Just confirmed the same answer from my friend, thanks
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