> A new common stock issue that paid $1.75 dividend last year. The par value of the stock is $15, and the firms dividends

A new common stock issue that paid $1.75 dividend last year. The par value of the stock is $15, and the firms dividends

Posted at: 2014-12-05 
use ggm method

m(p)= d(1+g)/ r-g

m(p)=27.64

d=1.75

g=7.6%

answer=14.41%