Hall & Marks just paid a $1.90 per share dividend yesterday.(that is, D0 = $1.90). The...

Hall & Marks just paid a $1.90 per share dividend yesterday.(that is, D0 = $1.90). The dividend is expected to grow at a constant rate of 3% a year. The required rate of return on the stock, rs, is 14%. What is the stock's current value per share?

Expert Solution

DIv1 = $1.90 * (1 + 3%) = $1.957

jeff jeffy answered 2 years ago

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