Question
A company just paid a dividend of $4.45. The company forecasts a constant growth in dividends of 7% for the foreseeable future. If the appropriate
A company just paid a dividend of $4.45. The company forecasts a constant growth in dividends of 7% for the foreseeable future. If the appropriate discount rate is 12%, what is the current price of the stock? Please solve and show how to solve step by step.
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Personal Finance An Integrated Planning Approach
Authors: Ralph R Frasca
8th edition
136063039, 978-0136063032
