Question
A firm recently paid a $0.70 annual dividend. The dividend is expected to increase by 14 percent in each of the next four years. In
A firm recently paid a $0.70 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 $54. If the required return for this stock is 16.5 percent what is its current value?
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Corporate Finance For Dummies
Authors: Michael Taillard
2nd Edition
1119850312, 978-1119850311
