Pembina Pipelines paid its last quarterly dividend 2 month(s) ago and the amount was $1.57 per share. If you expect Pembina's dividends to have a growth rate of 1.59% per quarter, what should be its current price per share if its equity cost of capital is 10.1% EAR? The price per share is $(Round to the nearest cent)

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter8: Basic Stock Valuation
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Pembina Pipelines paid its last quarterly dividend 2 month(s) ago and the amount was $1.57 per share. If you expect Pembina's dividends to have a growth rate of 1.59% per quarter, what should be
its current price per share if its equity cost of capital is 10.1% EAR?
The price per share is $ (Round to the nearest cont.)
Transcribed Image Text:Pembina Pipelines paid its last quarterly dividend 2 month(s) ago and the amount was $1.57 per share. If you expect Pembina's dividends to have a growth rate of 1.59% per quarter, what should be its current price per share if its equity cost of capital is 10.1% EAR? The price per share is $ (Round to the nearest cont.)
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