Question
a company just paid a dividend of $1.10 per share. the dividends are expected to grow at a 20% rate for the next 6 years
a company just paid a dividend of $1.10 per share. the dividends are expected to grow at a 20% rate for the next 6 years and then level off to a 4 % growth rate indefinitely. if the required return is 12% what is the value of the stock today?
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
3rd Canadian Edition
978-0133035575, 133035573, 978-0133970524, 133970523, 978-0134040042
