Question
A firm just paid a $2.55 per share dividend. If dividends will increase 4% annually, forever, and investors require a 14.75% rate of return, then
A firm just paid a $2.55 per share dividend. If dividends will increase 4% annually, forever, and investors require a 14.75% rate of return, then what is the price of the stock in 4 years? Round to the nearest $0.01.
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The International Handbook Of Public Financial Management
Authors: Richard Allen, Richard Hemming, B. Potter
1st Edition
1137574895, 978-1137574893
