A stock is currently priced at $39.3. Its dividend is expected to grow at a rate...
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A stock is currently priced at $39.3. Its dividend is expected to grow at a rate of 5.9% per year indefinitely. The stock's required return is 8.4%. The stock's predicted price 7 years from now, P7, should be $_ Do not round any intermediate work, but round your final answer to 2 decimal places (ex: 12.34567 should be entered as 12.35). Margin of error for correct responses: +/-.05 A stock is currently priced at $39.3. Its dividend is expected to grow at a rate of 5.9% per year indefinitely. The stock's required return is 8.4%. The stock's predicted price 7 years from now, P7, should be $_ Do not round any intermediate work, but round your final answer to 2 decimal places (ex: 12.34567 should be entered as 12.35). Margin of error for correct responses: +/-.05
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Related Book For
Fundamentals of Investments Valuation and Management
ISBN: 978-0077283292
5th edition
Authors: Bradford D. Jordan, Thomas W. Miller
Posted Date:
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