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Phoenix pays dividends in three consecutive years of 0, .31, and .65. Year-4 dividend is estimated at .67 with perpetuity growth at 4%. With 10%
Phoenix pays dividends in three consecutive years of 0, .31, and .65. Year-4 dividend is estimated at .67 with perpetuity growth at 4%. With 10% discount rate, what is stock price?
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
5th edition
1111527369, 978-1111527365
