Ccs inc currently plays no dividends but intends to pay a


CCS Inc. currently plays no dividends, but intends to pay a $12.00 per share dividend three years from today. However, CCSI expects earnings and dividends to decrease 5% annually thereafter. If the required rate of return for stocks with similar risk is 10%, what is the current value of a share CCSI stock? Please provide details on how answer was achieved.

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Financial Management: Ccs inc currently plays no dividends but intends to pay a
Reference No:- TGS01175414

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