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A company is expected to pay dividends of $3 at the end of the first year and $4 in the second year. From the third
A company is expected to pay dividends of $3 at the end of the first year and $4 in the second year. From the third year onwards, the company is expected to maintain a constant 2% growth rate of dividends forever. If the required return on the stock is 13%, what is the current stock price?
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The Economics Of Money Banking And Finance
Authors: Peter Howells, Keith Bain
4th Edition
0273710397, 978-0273710394
