Year Dividends (RM) 2020 3,28 2019 3.01 2018 2.76 2017 2.53 2016 2.32 2015 2.13 Cha owns stock in a company which has paid the annual dividends shown in the above table. The required return is assumed to be 12 percent. Using the constant growth model, calculate the per share value of the stock.

Intermediate Financial Management (MindTap Course List)
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ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
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Chapter8: Basic Stock Valuation
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Year Dividends (RM)
2020 3,28
2019 3.01
2018 2.76
2017 2.53
2016 2.32
2015 2.13
Cha owns stock in a company which has paid the annual dividends shown in the above table.

  1. The required return is assumed to be 12 percent. Using the constant growth model, calculate the per share value of the stock.
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