1. Business
  2. Finance
  3. nynet inc paid a dividend of 388 last year the...

Question: nynet inc paid a dividend of 388 last year the...

Question details

Nynet, Inc., paid a dividend of $3.88 last year. The company's management does not expect to increase its dividend in the foreseeable future. If the required rate of return is 13.0 percent, what is the current value of the stock? (Round answer to 2 decimal places, e.g. 15.25.)

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution