Tresnan brothers is expected to pay a 4 per share dividend, Financial Management

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Tresnan brothers is expected to pay a 4 per share dividend

Constant growth valuation

Tresnan Brothers is expected to pay a $4 per share dividend at the end of the year (i.e., D1 = $4). The dividend is expected to grow at a constant rate of 9% a year. The required rate of return on the stock, rs, is 11%. 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 4 per share dividend

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Financial Management: Tresnan brothers is expected to pay a 4 per share dividend

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