Return on equity for similar stocks

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A stock has just paid a dividend and has declared an annual dividend of $2.00 to be paid one year from today. The dividend is not expected to grow. The return on equity for similar stocks is 12%. What is P 0? (Show workings)

Reference no: EM131190319

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Return on equity for similar stocks : A stock has just paid a dividend and has declared an annual dividend of $2.00 to be paid one year from today. The dividend is not expected to grow. The return on equity for similar stocks is 12%. What is P 0? (Show workings)
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