After careful analysis, you have determined that a firms dividends should grow at 7%, on average, in

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After careful analysis, you have determined that a firm’s dividends should grow at 7%, on average, in the foreseeable future. The firm’s last dividend was $3.

Compute the current price of this stock, assuming the required return is 18%.

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Related Book For  book-img-for-question

The Economics Of Money Banking And Financial Markets

ISBN: 978-0134376936

6th Canadian Edition

Authors: Frederic S Mishkin ,Apostolos Serletis

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