Question
A companys dividend is expected to grow at 20% for the next six years. After that, the growth is expected to be 3% forever. If
A companys dividend is expected to grow at 20% for the next six years. After that, the growth is expected to be 3% forever. If the required return is 10%, what is the value of the stock today? The dividend just paid was $1.
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N Hyman
10th Edition
053875446X, 978-0538754460
