Current price of abc common stock


Constant growth stock:

The last dividend paid by ABC Company was $2.00. ABC's growth rate is expected to be a constant 4 percent. ABC's required rate of return on equity (ks) is 9 percent. What is the current price of ABCs common stock?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Current price of abc common stock
Reference No:- TGS01737959

Now Priced at $20 (50% Discount)

Recommended (97%)

Rated (4.9/5)