Business, 07.11.2019 23:31 kingdrex8226

Shackleford corporation net income this year is $800,000. the company generally retains 35% of net income for reinvestment. the company's common equity currently has a book value of $5,000,000. they just paid a dividend of $1.37, and the required rate of return on this stock is 12%. compute the value of this stock if dividends are expected to continue growing indefinitely at the company's internal growth rate. a) $11.42 b) $15.63 c) $4.35 d) $22.61

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Shackleford corporation net income this year is $800,000. the company generally retains 35% of net i...