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March 28, 2017

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General Cereal common stock dividends was $0.79 in 2000 and the last dividend paid was $1.55 per share in 2010. Dividends are expected to continue growing at the historic rate for the foreseeable future.

What is the General Cereal’s current value of a share of this stock to an investor who requires a 12 percent rate of return ?(5)

  • FINANCE - ,

    What is the current share price of General Cereal?

    However, it's highly unlikely that it will provide a 12% annual return.

  • FINANCE - ,

    MS. SUE, THE CURRENT SHARE PRICE WAS NOT GIVEN!

  • FINANCE - ,

    The rate of return is based on the price the shareholder pays for the stock.

    Please check with your teacher to see what is expected.

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