Question
A firm is expected to pay $1,6 dividend per share next year. The dividend is expected to grow at a 30% for 2 years and
A firm is expected to pay $1,6 dividend per share next year. The dividend is expected to grow at a 30% for 2 years and thereafter, decline and stay at a constant rate of 5%. The required rate of return is 11%. Find the stock price today.
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Get StartedRecommended Textbook for
International Financial Management
Authors: Geert Bekaert, Robert J. Hodrick
2nd edition
013299755X, 132162768, 9780132997553, 978-0132162760
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