Question
A firm does not pay a dividend. It is expected to pay its first dividend of $0.69 per share in two years. This dividend will
A firm does not pay a dividend. It is expected to pay its first dividend of $0.69 per share in two years. This dividend will grow at 12 percent indefinitely. Use a 13.5 percent discount rate.
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International Financial Reporting A Practical Guide
Authors: Alan Melville
6th edition
1292200743, 1292200766, 9781292200767, 978-1292200743
