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A firm is planning on paying its first dividend of $2 in three years. After that dividends are expected to grow at 6% per year
A firm is planning on paying its first dividend of $2 in three years. After that dividends are expected to grow at 6% per year indefinitely. The stock's required return is 14%. What is the intrinsic value of a share today?
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Present Value of the First Dividend We know the dividend amount will be 2 in three years To c...
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
