Exxon mobils most recent annual dividend was 309 per share, Financial Management

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Exxon mobils most recent annual dividend was 309 per share

Exxon Mobil’s most recent annual dividend was $3.09 per share. Analysts forecast that the dividend growth rate will be 6.8% per year for the foreseeable future. The appropriate discount rate for Exxon Mobil’s common stock is 12%. What is the current share value based on this information? Do not round at intermediate steps in your calculation. Round to two decimal places. Do not type the $ symbol.

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Financial Management: Exxon mobils most recent annual dividend was 309 per share

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Financial Management: Exxon mobils most recent annual dividend was 309 per share

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