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A firm just paid an annual dividend of $1.36 per share. The firm plans to pay annual dividends of $1.40, $1.46, and $1.58 over
A firm just paid an annual dividend of $1.36 per share. The firm plans to pay annual dividends of $1.40, $1.46, and $1.58 over the next 3 years, respectively. After that time, the dividends will be held constant at $1.60 per share. What is the share price today at a 9% discount rate? $14.08 $15.30 $16.67 $17.46 $18.79
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Contemporary Financial Management
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
10th Edition
978-0324289114, 0324289111
