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    Static Electric Company: price of common stock

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    Static Electric Co. currently pays a $2.10 annual cash dividend. It plans to maintain the dividend at this level for the foreseeable future as no future growth is anticipated.

    If the required rate of return by common stockholders is 12 percent, what is the price of the common stock?

    © BrainMass Inc. brainmass.com June 3, 2020, 6:47 pm ad1c9bdddf
    https://brainmass.com/business/accounting/static-electric-company-price-common-stock-75420

    Solution Summary

    This solution assists in determining the price of the common stock.

    $2.19

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