Pharsalus inc just paid a dividend of 214 per sharenbsp, Finance Basics

+44 141 628 6080
[email protected]

Pharsalus inc just paid a dividend of 214 per sharenbsp

Pharsalus inc. just paid a dividend of 2.14 per share. This dividend is expected to grow at a rate of 3.4% per year forever. The appropriate rate for Pharasalus' stock is 10.3%. What is the price of the stock? I have the answer but am confused as to how it was found, the formula used is D0* 1+g/ks-g, the correct answer is $33.47 but I come up with $32.07, what am I doing wrong?

Request for Solution File

Ask an Expert for Answer!!

Finance Basics: Pharsalus inc just paid a dividend of 214 per sharenbsp

Reference No:- TGS01376171

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Discussion about cultural appropriation

This week watch the 3 short video clips below about cultural appropriation. These videos will redefine terms like cultural appropriation

Which is a criticism of marxist/conflict theories

Question: Which of the following is a criticism of Marxist/conflict theories? Group of answer choices

Problem regarding culturally relativistic

"Gender inequality is not some accidental, hit-or-miss affair. Rather, each society's institutions work together to maintain the group's particular form of

Why does victor coin the term hyper-violence

Why does victor coin the term hyper-violence instead of just using violence? And second, how is hyper-violence display in the Oakland community?

Discussion about idea of the tramp stamp

Jane is doing a study about tattoos. She is interested in studying the idea of the "tramp stamp" (a tattoo in the small of a woman's back).

How does the pyramid change

Staying with Nigeria, rewind the year to 1950. Using the +5 year control, fast forward in 5 year increments until you reach 2020.

Which are forms of media bias

Question: Which of the following are forms of media bias? (Select all that apply)

Request for Solution File

Ask an Expert for Answer!!

Finance Basics: Pharsalus inc just paid a dividend of 214 per sharenbsp

Reference No:- TGS01376171

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : Design a brief risk management policy statement for a small

Q : There is no shortage of pricing approaches and as customers

Q : Step 1 research marketing planning and create a planning

Q : Read the case study robin hood in part two of your textbook

Q : Pharsalus inc just paid a dividend of 214 per sharenbsp

Q : In a given period demand for an item is equally likely to

Q : How many hours require prior to remove the insulation after

Q : Record all january transactions in the general journal and

Q : Assume that the securities are not divisible and each