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A company just paid a dividend of $2. It plans to grow the dividend by 7% next year, by 6% in two years and 7%
A company just paid a dividend of $2. It plans to grow the dividend by 7% next year, by 6% in two years and 7% the third year. At the beginning of the fourth year it will grow by 3% forever. If the required rate of return is 7% what is the value of the stock today?
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Essentials Of Financial Management Text And Cases
Authors: George C Philippatos
1st Edition
0816267162, 978-0816267163
