Ginger baker inc just paid an annual dividend of 3 a share


Ginger Baker, Inc. just paid an annual dividend of $3 a share and this dividend is expected to grow at a rate of 4% per year for the foreseeable future.

If the discount rate for Ginger Baker is 9%, what is the current price of the stock?

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Financial Management: Ginger baker inc just paid an annual dividend of 3 a share
Reference No:- TGS01735964

Now Priced at $5 (50% Discount)

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