Question
17. Analysts expect TPHB, Inc. to have an annual growth rate in its dividend of 120% over each of the next three years and forecast
17. Analysts expect TPHB, Inc. to have an annual growth rate in its dividend of 120% over each of the next three years and forecast its growth rate to be 4.0% annually after that. TPHB will pay its first dividend today in the amount of $1.60 per share. The required rate of return on TPHB stock is 14.5%.
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What should TPHBs stock price be today?
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What would you expect the stock price to be two years from today?
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What would you expect the stock price to be four years from today?
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Financial Performance
Authors: Marc Bertoneche, Rory Knight
1st Edition
0750640111, 978-0750640114
