Constant growth: Reco Corp. is expected to pay a dividend of $2.25 next year. The forecast for
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Constant growth: Reco Corp. is expected to pay a dividend of
$2.25 next year. The forecast for the stock price a year from now is
$37.50. If the required rate of return is 14 percent, what is the current stock price? Assume constant growth.
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781119795438
5th Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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