Tresnan Brothers is expected to pay a $1.20 per share dividend at the end of the year (i.e., D1 = $1.20). The dividend i
Posted: Wed Jul 06, 2022 6:44 pm
Tresnan Brothers is expected to pay a $1.20 per share dividendat the end of the year (i.e., D1 = $1.20). The dividend is expectedto grow at a constant rate of 9% a year. The required rate ofreturn on the stock, rs, is 13%. What is the stock's current valueper share?