Thomas brothers is expected to pay a 290 per share dividend, Accounting Basics

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Thomas brothers is expected to pay a 290 per share dividend

Thomas Brothers is expected to pay a $2.90 per share dividend at the end of the year. The dividend is expected to grow at a constant rate of 6.90% a year. The required rate of return on the stock is 11.90%. What is the stock's current value per share?

Options:

$15.4255
$58.0000
$13.0256
$62.0020

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Accounting Basics: Thomas brothers is expected to pay a 290 per share dividend

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Accounting Basics: Thomas brothers is expected to pay a 290 per share dividend

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