Dividend Initiation and Stock Value A firm does not pay a dividend. It is expected to pay
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Dividend Initiation and Stock Value A firm does not pay a dividend. It is expected to pay its first dividend of $0.25 per share in two years. This dividend will grow at 10 percent indefinitely. Using an 11.5 percent dis- count rate, compute the value of this stock. (LG6)
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Related Book For 
Finance Applications And Theory
ISBN: 9780073530673
2nd Edition
Authors: Marcia Cornett, Troy Adair, John Nofsinger
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