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A company has common stock currently selling for $42.95. It just paid a dividend (at moment 0), and dividends are expected to grow 4.5% per
A company has common stock currently selling for $42.95. It just paid a dividend (at moment 0), and dividends are expected to grow 4.5% per year forever. If you require 9.0% return, what must the dividend have been at moment 0?
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To calculate the dividend at moment 0 D0 we can use the Gordon Growth Model also known as the Divide...
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
12th edition
1285850033, 978-1305480698, 1305480694, 978-0357688236, 978-1285850030
