Multiple growth rates A share of common stock paid a dividend exactly 5 years ago of $1.85
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Multiple growth rates A share of common stock paid a dividend exactly 5 years ago of $1.85 and have increased this by $.18 each year until now.
They are now planning on growth of 10 % for the next 3 years before a constant growth rate of 5%is implemented for the rest of time. If the firm’s required rate of return is 6.31 %, what should the current price of share of stock be?
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Related Book For 
Applied Corporate Finance Questions Problems And Making Decisions In The Real World
ISBN: 9781493952991
1st Edition
Authors: Mark K. Pyles
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