Question
A company increases its dividend 3.8% per year every year. This utility is valued using a discount rate of 9% and the stock currently sells
A company increases its dividend 3.8% per year every year. This utility is valued using a discount rate of 9% and the stock currently sells at $38 per share. If you buy a share of stock today and hold on to it for at least 3 years what do you expect the value for your dividend check to be 3 years from today?
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
3rd Canadian Edition
978-0133035575, 133035573, 978-0133970524, 133970523, 978-0134040042
