Pane in the Glass Autobody Ltd. (PITGAL) just paid a quarterly dividend of $1.60 per...
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Pane in the Glass Autobody Ltd. (PITGAL) just paid a quarterly dividend of $1.60 per share. PITGALs dividends grow at a quarterly rate of 1.5%. The company has announced that following the quarterly dividend in one years time, dividends will grow at a quarterly rate of 2%. Given the risk associated with PITGALs stock, the required quarterly expected effective return is 3.78%. What is the current price of one share of PITGAL stock?
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