Tresnan brothers is expected to pay a 33 per share dividend, Financial Management

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Tresnan brothers is expected to pay a 33 per share dividend

Tresnan Brothers is expected to pay a $3.3 per share dividend at the end of the year (i.e., D1 = $3.3). The dividend is expected to grow at a constant rate of 4% a year. The required rate of return on the stock, rs, is 9%. What is the stock's current value per share? Round your answer to two decimal places. $

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Financial Management: Tresnan brothers is expected to pay a 33 per share dividend

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Financial Management: Tresnan brothers is expected to pay a 33 per share dividend

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