Question
5 years ago, GNM paid a dividend of 65cents.The dividend paid by the company 2 years ago was $1.03.Given the required rate of return is
5 years ago, GNM paid a dividend of 65cents.The dividend paid by the company 2 years ago was $1.03.Given the required rate of return is 25percent, please calculate the price of the stock five years from now.
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Get StartedRecommended Textbook for
Introduction to Finance Markets Investments and Financial Management
Authors: Melicher Ronald, Norton Edgar
15th edition
9781118800720, 1118492676, 1118800729, 978-1118492673
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