Tyler Corporation anticipates a P6 dividend per share for the year. Its minimum rate of return is 12 percent. The dividend growth rate is 6 percent. What is the price per share?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
Problem 7P
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Tyler Corporation anticipates a P6 dividend per share for the year.  Its minimum rate of return is 12 percent. The dividend growth rate is 6 percent. What is the price per share?  

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