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1. Hopeful Industries just paid a dividend of Do = $3.75. Analysts expect the company's dividend to grow by 30% this year, by 10%
1. Hopeful Industries just paid a dividend of Do = $3.75. Analysts expect the company's dividend to grow by 30% this year, by 10% in Year 2, and at a constant rate of 5% in Year 3 and thereafter. The required return on this low-risk stock is 9.00%. What is the best estimate of the stock's current market value?
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Financial Accounting A User Perspective
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
6th Canadian Edition
470676604, 978-0470676608
