Question
A firm has just declared that its dividend next year will be $3.60 per share. That rate of payment will continue for an additional 4
A firm has just declared that its dividend next year will be $3.60 per share. That rate of payment will continue for an additional 4 years, after which the dividends will fall back to their usual $2.60 per share. The discount rate is 8 percent. What is the present value of all the future dividends?
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The Future Of Money How The Digital Revolution Is Transforming Currencies And Finance
Authors: Eswar S. Prasad
1st Edition
0674258444, 978-0674258440
