Profits and sales of Not-So-Good Ice Cream Company have been declining. Its dividends are expected to decline at the rate of 3 percent in the future. If the company just paid a dividend of $5.00 /share and the market required rate of return is for stocks in this risk class is 19 percent, what is the market price of the stock? 32.19 41.17 22.05 50.54 16.45 26.32
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Profits and sales of Not-So-Good Ice Cream Company have been declining. Its dividends are expected to decline at the rate of 3 percent in the future….
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