Question
A companys earnings and dividends are growing at a constant rate of 8 percent. Last week it paid a dividend of $3.00. If the required
A companys earnings and dividends are growing at a constant rate of 8 percent. Last week it paid a dividend of $3.00. If the required rate of return is 15 percent, what is the price of the stock three years from now? (Do not round intermediate calculations. Round final answer to two decimal places.)
a. 120
b. 300
c. 100
d. 30
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The Economics Of Money Banking And Financial Markets
Authors: Frederic Mishkin
13th Global Edition
1292409487, 978-1292409481
