1. 14. Share Valuation [LO 8.1] Goondiwindi Farms just paid a dividend of $2.65 on its shares....
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1. 14.
Share Valuation [LO 8.1] Goondiwindi Farms just paid a dividend of $2.65 on its shares. The growth rate in dividends is expected to be a constant 3.8 per cent per year indefinitely. Investors require a return of 15 per cent for the first three years, a return of 13 per cent for the next three years and a return of 11 per cent thereafter. What is the current share price?
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781743768051
8th Edition
Authors: Stephen A. Ross, Rowan Trayler, Charles Koh, Gerhard Hambusch, Kristoffer Glover, Randolph W. Westerfield, Bradford D. Jordan
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