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A firm's current stock price is $36.00 and it's last dividend was $2.40. the required rate of return is 12%. Dividends are expected to
A firm's current stock price is $36.00 and it's last dividend was $2.40. the required rate of return is 12%. Dividends are expected to grow at a constant g of 5%, what is the expected price of the stock 5 years form now?
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SOLUTION To calculate the expected price of the stock 5 years from now we can use the Gordon Growth ...
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
