Question
A firm just paid a $2 dividend per share. The dividend will grow at a 25% for the next 4 years and then grow forever
A firm just paid a $2 dividend per share. The dividend will grow at a 25% for the next 4 years and then grow forever at a constant rate of 7%. The required rate of return on the firm's stock is 12%. Find the stock price today.
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Fundamentals of Investments Valuation and Management
Authors: Bradford D. Jordan, Thomas W. Miller
5th edition
978-007728329, 9780073382357, 0077283295, 73382353, 978-0077283292
