Question
A company is growing at a constant rate of 8 percent. Last week it paid a dividend of $3.00. If the required rate of return
A company is growing at a constant rate of 8 percent. Last week it paid a dividend of $3.00. If the required rate of return is 15 percent, what is the price of the share three years from now?
Select one:
A. $58.31B. $46.29C. $53.99D. $42.83
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
