Question
7.15 Constant growth: Pedro Sanchez is interested in buying shares in TreeTop Pty Ltd which is growing at a constant rate of 8%. Last year
7.15 Constant growth: Pedro Sanchez is interested in buying shares in TreeTop Pty Ltd which is growing at a constant rate of 8%. Last year the company paid a dividend of $2.65. The required rate of return is 18.5%. What is the current price of this share. What would be the price of the share in year 5?
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Financial Management In The Sport Industry
Authors: Matthew T. Brown, Daniel A. Rascher, Mark S. Nagel, Chad D. McEvoy
3rd Edition
0367321211, 978-0367321215
