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Suppose Nippan Inc., just paid a dividend of $1 per share on its stock. It is expected that the dividends will grow at a

Posted: Fri Jul 01, 2022 7:36 am
by answerhappygod
Suppose Nippan Inc., just paid a dividend of $1 per share on itsstock. It is expected that the dividends will grow at a constantrate of 3 percent per year indefinitely. If investors require a 10percent return on Nippan stock,
(3 marks) What is the current price today?
(2 marks) What will the price be in four years?
Please show the step!!!!!