Harris, Inc., paid a $3 dividend yesterday. If the firm raises its dividend 5 percent every year
and the appropriate discount rate is 12 percent, what is the price of Harris stock?
2006-08-01 10:22:59 · 4 answers · asked by Cbauer 2 in Business & Finance ➔ Personal Finance
The price of Harris' stock is whatever someone is willing to pay for it. And yes, stop asking the world to do your homework for you.
2006-08-01 10:41:08 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Not high enough to buy and turn quickly for a profit. Stop asking the world to do your homework.
2006-08-01 17:27:03 · answer #2 · answered by Smart94 1 · 0⤊ 0⤋
Read the chapter again and try to solve your own homework. This way, asking others to do it for you, you will not learn anything and in the final you will flunk.
2006-08-01 18:17:01 · answer #3 · answered by fasb123r 4 · 0⤊ 0⤋
$3 * (1 + 0.05) / (0.12 - 0.05) = $45
2006-08-01 17:27:27 · answer #4 · answered by NC 7 · 0⤊ 0⤋