XYZ plc will pay a dividend next year of 40p per share, and it is estimated that
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XYZ plc will pay a dividend next year of 40p per share, and it is estimated that XYZ’s dividend will increase by 4 per cent per year forever. Investors in XYZ require a rate of return of 10 per cent. What is the share price of XYZ plc?
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The share price of XYZ plc can be calculated using the constant growth ...View the full answer
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Related Book For
Corporate Finance
ISBN: 9780077173630
3rd Edition
Authors: David Hillier, Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan, Jeffrey F. Jaffe
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