Tresnan Brothers is expected to pay a $2.95 dividend on its common stock at at the end of this year. This company's dividends are expected to grow at a constant rate of 4% per year. If the required rate of return on the stock is 8.45%, what is the stock's current value per share? (your answer should be to two decimal places)
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Home » Business » Tresnan Brothers is expected to pay a $2.95 dividend on its common stock at at the end of this year. This company's dividends are expected to grow at a constant rate of 4% per year. If the required rate of return on the stock is 8.