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17. Burling Inc does not expect to pay dividends for the next 15 years. They will pay their first dividend of $3.00 in the end
17. Burling Inc does not expect to pay dividends for the next 15 years. They will pay their first dividend of $3.00 in the end of year 15. If they expect their dividends to grow at 6% forever, what is an estimate of Burling's price in the end of year 15? Assume that the required rate of return is 13%
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Economics For Financial Markets
Authors: Brian Kettell
1st Edition
0750653841, 978-0750653848
