Sinbad Company is expected to pay a $0.50 per share dividend at the end of the year.The dividend is expected to grow at a constant rate of 7 percent per year.The required rate of return on the stock is 15 percent.
Required:
What is the value per share of the company's stock?

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The Answer of Sinbad Company is expected to pay a $0.50 per share dividend at the end of the year.The dividend is expected to grow at a constant rate of 7 percent per year.The required rate of return on the stock is 15 percent.
Required:
What is the value per share of the company's stock?

Sinbad Company Is Expected to Pay a $0