A share of stock in the local fast food restaurant chain, Financial Management

A share of stock in the local fast food restaurant chain

A share of stock in the local fast food restaurant chain will pay a next dividend in the amount of $1.50. It is expected that dividends paid for stocks from this restaurant will grow by 1% per year.

The appropriate discount rate for stocks of this type is 6%. What is the per share value of this stock?

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Financial Management: A share of stock in the local fast food restaurant chain

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Financial Management: A share of stock in the local fast food restaurant chain

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