Question
A firm recently paid a $0.65 annual dividend. The dividend is expected to increase by 14 percent in each of the next four years. In
A firm recently paid a $0.65 annual dividend. The dividend is expected to increase by 14 percent in each of the next four years. In the fourth year, the stock price is expected to be $50.
If the required return for this stock is 16.50 percent, what is its current value?
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Finance For A Better World
Authors: Henri-Claude De Bettignies, F. Lépineux
2009th Edition
0230551300, 978-0230551305
