Gruber Corp. pays a constant $9 dividend on its stock. The company will maintain this dividned...
Gruber Corp. pays a constant $9 dividend on its stock. The company will maintain this dividned for the next 12 years and will then cease paying dividends forever. If the required return on this stock is 10 percent, what is the current share price?
Homework Answers
Gruber Corp. pays a constant $9 dividend on its stock. The company will maintain this dividned for the next 12 years and will then cease paying dividends forever. If the required return on this stock is 10 percent, what is the current share price?
the current share price = pv(rate,nper,pmt,fv)
the current share price = pv(10%,12,9,0)
The current share price = $ 61.32
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