1. Northfield Power System is going to pay an annual dividend of $4.50 a share on its common stock next year. This year, the company
1. Northfield Power System is going to pay an annual dividend of $4.50 a share on its common stock next year. This year, the company paid a dividend of $5.00 a share. The company adheres to a constant rate of growth dividend policy. What will one share of this common stock be worth four years from now if the applicable discount rate is 15 percent?
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Authors: Paul Asquith, Lawrence A. Weiss
2nd Edition
1119537835, 978-1119537830
