Question
A company just paid a dividend of $ 1 per share . It is expected to increase its dividend by 5 % per year .
A company just paid a dividend of $ 1 per share . It is expected to increase its dividend by 5 % per year . If the shareholders ' required rate of return is 10% how much is the price expected to be in year 5 ?
$ 29.50
$ 23.09
$ 35.13
$ 26.80
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Financial Management Principles And Practice
Authors: Timothy Gallagher
6th Edition
1930789157, 978-1930789159
