Question
A company has announced that it will pay a dividend of $2.54 per share next year, and thereafter you expect the dividend to grow at
A company has announced that it will pay a dividend of $2.54 per share next year, and thereafter you expect the dividend to grow at a constant rate of 4.7% per year indefinitely into the future. If the required rate of return is 8.4% per year, what would be a fair price for the stock today? (Answer to the nearest penny.)
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Financial Modeling Using Excel And VBA
Authors: Chandan Sengupta
1st Edition
0471267686, 978-0471267683
