Question
A company paid a dividend of $4.00 per share last year.. The company has been growing at the rate of 5% and this will continue
A company paid a dividend of $4.00 per share last year.. The company has been growing at the rate of 5% and this will continue for the next five (5) and the growth rate will be three percent (3%) a year indefinitely. What is the theoretical value of the bond if the company's discount rate is 8%?
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Financial Management Core Concepts
Authors: Raymond M Brooks
3rd edition
133866696, 978-0133866698
