The board of directors of Ride World,Inc.has declared $5.00 common stock dividend,payable one year from today,and accepted a plan to freeze the dividend at $5 per year indefinitely.What is the value of the Ride World's common stock if the required rate of interest is 15 percent?

Question

Quizplus · Accepted Answer

The Answer of The board of directors of Ride World,Inc.has declared $5.00 common stock dividend,payable one year from today,and accepted a plan to freeze the dividend at $5 per year indefinitely.What is the value of the Ride World's common stock if the required rate of interest is 15 percent?

The Board of Directors of Ride World,Inc