Question
(10 percent) YYY Companys current stock price is $50.00, its last dividend was $3.20, and its required rate of return is 12%. If dividends are
(10 percent) YYY Companys current stock price is $50.00, its last dividend was $3.20, and its required rate of return is 12%. If dividends are expected to grow at a constant rate, g, in the future, and if rs is expected to remain at 12%, what is YYYs expected stock price 5 years from now?
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Local Public Finance
Authors: René Geissler, Gerhard Hammerschmid, Christian Raffer
1st Edition
3030674681, 978-3030674687
