Assume Coleco pays an annual dividend of 1.53 and has a share price of 37.79. It announces that its annual dividend will increase to 1.75. If its dividend yield stays the same, what should be its new share price?
Assume Coleco pays an annual dividend of 1.53 and has a share price of 37.79. It announces that its annual dividend will increase to 1.75. If its dividend yield stays the same, what should be its new share price?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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