The earnings, dividends, and stock prices are expected to grow at 7% per year in the future. Common stock sells for $23 per share its last dividend was $2.00 and the company will pay a dividend of $2.14 at the end of the current year. Using the discounted cash flow approach, what is the equity?

Financial Management: Theory & Practice
16th Edition
ISBN:9781337909730
Author:Brigham
Publisher:Brigham
Chapter7: Corporate Valuation And Stock Valuation
Section: Chapter Questions
Problem 18MC
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Hii expert please provide correct answer general Accounting

The earnings, dividends, and stock prices are
expected to grow at 7% per year in the future.
Common stock sells for $23 per share its last
dividend was $2.00 and the company will pay a
dividend of $2.14 at the end of the current year.
Using the discounted cash flow approach, what
is the equity?
Transcribed Image Text:The earnings, dividends, and stock prices are expected to grow at 7% per year in the future. Common stock sells for $23 per share its last dividend was $2.00 and the company will pay a dividend of $2.14 at the end of the current year. Using the discounted cash flow approach, what is the equity?
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