Question
10. [4] A7X Corp. Just paid a dividend of $1.55 per share. The dividends are expected to grow at 21% for the next eight years
10. [4] A7X Corp. Just paid a dividend of $1.55 per share. The dividends are expected to grow at 21% for the next eight years and then level off to a growth rate of 3.5% indefinitely. If the required return is 12%, what is the price of the stock today?
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Forest Resource Economics And Finance
Authors: W. David Klemperer
1st Edition
0974021105, 978-0974021102
