Question
A corp just paid a dividend $1.5, anaylysts believe the dividends will grow at 8% next year, 6% the following year, and 4% thereafter. If
A corp just paid a dividend $1.5, anaylysts believe the dividends will grow at 8% next year, 6% the following year, and 4% thereafter. If stocks of this risk have a required return of 18%, what should the price be today?
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Money Talks Explaining How Money Really Works
Authors: Nina Bandelj ,Frederick F. Wherry ,Viviana A. Zelizer
1st Edition
0691202893, 978-0691202891
