$1.00 Finance- Please show work
Please show work. Draper Company’s common stock paid a dividend last year of $3.70. You believe that the long-term growth in the dividends of the firm will be 8% per year. If your required return for Draper is 14%, how much are you willing to pay for the stock?
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- Posted on Jul 06, 2012 at 6:50:23PM
Preview: ... dividend D = 3.70 Dividend growth g = 0.0 ...
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