Nonconstant growth: Staggert Corp. will pay dividends of $5.00, $6.25, $4.75, and $3.00 in the next four

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Nonconstant growth: Staggert Corp. will pay dividends of $5.00,

$6.25, $4.75, and $3.00 in the next four years. Thereafter, management expects the dividend growth rate to be constant at 6 percent. If the required rate of return is 18.5 percent, what is the current value of the stock?

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Fundamentals Of Corporate Finance

ISBN: 9781119795438

5th Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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