31. Growing perpetuities (S2.3) A common stock will pay a cash dividend of $4 next year. After...
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31. Growing perpetuities (S2.3) A common stock will pay a cash dividend of $4 next year.
After that, the dividends are expected to increase indefinitely at 4% per year. If the discount rate is 14%, what is the PV of the stream of dividend payments?
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Related Book For 
Principles Of Corporate Finance
ISBN: 9781264080946
14th Edition
Authors: Richard Brealey, Stewart Myers, Franklin Allen, Alex Edmans
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