The common stock of ACME just paid a $1.00 dividend per share, but its dividend is expected to grow at 4% per?
anonymous
1970-01-01 00:00:00 UTC
The common stock of ACME just paid a $1.00 dividend per share, but its dividend is expected to grow at 4% per?
Three answers:
Scott
2013-02-05 07:12:40 UTC
I hate homework questions. When we can't do basic math we are screwed as a nation.
?
2013-02-04 16:39:50 UTC
The only Acme I know of is Acme Packet, which trades at $29 and change, and pays no dividend. Unless this is a homework question, in which case the answer is (6) "I don't help people with homework."
anonymous
2013-02-04 19:19:38 UTC
1.04/(.12-.04)
1.04/.08=
$13
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