CONSTANT GROWTH VALUATION Harrison Clothiers stock currently sells for $20 00 a share. It just paid a
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CONSTANT GROWTH VALUATION Harrison Clothiers’ stock currently sells for $20 00 a share. It just paid a dividend of $1 00 a share (that is, D0 $1 00). The dividend is expected to grow at a constant rate of 6% a year. What stock price is expected 1 year from now? What is the required rate of return?
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Fundamentals Of Financial Management Concise Edition
ISBN: 9781285065137
8th Edition
Authors: Eugene F. Brigham, Joel F. Houston
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