the brennan co just paid a dividend of 1 40 per share on its stock dividends are expected to grow at a constant rate of 6
Question
The Brennan Co. just paid a dividend of $1.40 per share on its stock. Dividends are expected to grow at a constant rate of 6% per year indefinitely. If investors require a 12% return on Brennan Co. stock, what is the current price?
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Answer to a math question The Brennan Co. just paid a dividend of $1.40 per share on its stock. Dividends are expected to grow at a constant rate of 6% per year indefinitely. If investors require a 12% return on Brennan Co. stock, what is the current price?