Assume that a companys beginning-of-period price is 14 per


Estimating the Implied End-of-Year Share Price

Assume that a company’s beginning-of-period price is $14 per common share, its dividends are $1 per share, and its expected cost of equity capital is 10%. What is the expected end-of-period price per common share?

Round answer to two decimal places.

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Financial Management: Assume that a companys beginning-of-period price is 14 per
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