The stock pays an annual dividend of $2.10 per share. The required return on equity (market capitalization rate) is 11.0%. Given the constant $2.10 annual dividend, the value of the stock is $19.09.
Seal of Good Local Governance (SGLG) 2024Final.pptx
A common stock pays an annual dividend per share of $2-10- The market.docx
1. A common stock pays an annual dividend per share of $2.10 . The market capitalization rate
(required return on equity) is 11.0% . If the annual dividend is expected to remain at $2.10 , what
is the value of the stock? Round your answer to two decimal places.