Question 6 5 pts Ocean Holding Corps expected yearend divide

Question 6 5 pts Ocean Holding Corp\'s expected year-end dividend CD) is $400, and its required return is 11%. The company\'s dividend yield is 4.6%, and its gro wth rate is expected to be constant in the future. What is the firm\'s stock price? Your answer should be between 42.36 and 108.62, rounded to 2 decimal places, with no special characters

Dividend yield=Annual dividend/Current price

Hence current price=4/0.046

which is equal to

=$86.96(Approx).

$Question 6 5 pts Ocean Holding Corp\'s expected year-end dividend CD) is $400, and its required return is 11%. The company\'s dividend yield is 4.6%, and its g$

Question 6 5 pts Ocean Holding Corps expected yearend divide

Solution

Get Help Now

Submit a Take Down Notice