Mathematics, 29.09.2019 02:30, kiraswife

The zz corporation has just paid a dividend of $3.5m. the expected growth of the company is 7.3% per year. the interest rate used for this type of corporation is 10.4%. assume that there are 800,000 shares outstanding. what is the value of a share of stock in the zz corporation? (keep your answer to 2 decimal places, e. g. xx.12.)

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The zz corporation has just paid a dividend of $3.5m. the expected growth of the company is 7.3% per...