Post a New Question

Finance

posted by .

MMK Cos. normally pays an annual dividend. The last such dividend paid was $2.3, all future dividends are expect to grow at a rate of 6 percent per year, and the firm faces a required rate of return on equity of 18 percent. If the firm just announced that the next dividend will be an extraordinary dividend of $29.0 per share that is not expected to affect any other future dividends. What should the stock price be?

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

More Related Questions

Post a New Question