Question
A companys dividend grows at a constant rate of 4 percent p.a.. Last week it paid a dividend of $6.01. If the required rate of
A companys dividend grows at a constant rate of 4 percent p.a.. Last week it paid a dividend of $6.01. If the required rate of return is 17 percent p.a., what is the price of the share 4 years from now? (round to nearest cent) a. $90.10 b. $56.25 c. $30.02 d. $54.08
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
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