Finance Archive May 17, 201 × ttps:// s.com/ r.uni Parrino, Fundamentals of Corp

Question

Finance Archive May 17, 201 × ttps:// s.com/ r.uni Parrino, Fundamentals of Corporate Finance, 3e ctice Assignment Gradebook ORION D able eTextbook ment BACK Problem 9.6 Nynet, Inc., paid a dividend of $4.37 last year. The company's management does not expect to increase its dividend in the foreseeable future. If the required rate of return is 16.5 percent, what is the current value of the stock? (Round answer to 2 decimal places, e.g. 15.25.) rrent value By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Question Attempts: o of 3 used SAVE FOR LATER Earn Maximum Points available only if you answer this question correctly in two attempts or less.

Explanation / Answer

current value of the stock

=4.37/16.5%

=26.48

the above is the answer based on all required data given

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