Question
A bank expects to pay a dividend of $4.1 next year and growth rate on dividends to be 7%. If the appropriate discount rate is
A bank expects to pay a dividend of $4.1 next year and growth rate on dividends to be 7%. If the appropriate discount rate is 14%, what should the bank's stock price be in the market?
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
15th edition
134796551, 134796550, 978-0134796550
