Abc corp is going to pay an annual dividend of 423 a share, Financial Management

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Abc corp is going to pay an annual dividend of 423 a share

ABC Corp. is going to pay an annual dividend of $4.23 a share on its common stock next year. This year, the company paid a dividend of $4.50 a share. The company adheres to a constant rate of growth dividend policy. What will one share of this common stock be worth seven years from now if the applicable discount rate is 12 percent?

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Financial Management: Abc corp is going to pay an annual dividend of 423 a share

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Financial Management: Abc corp is going to pay an annual dividend of 423 a share

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