Question
A new company has not paid dividends yet. The company intends to pay dividends of $1 next year, $2 the year after that, then $3
A new company has not paid dividends yet. The company intends to pay dividends of $1 next year, $2 the year after that, then $3 the year after that. Then, the company plans to increase dividends by 3% per year forever. If the interest rate is 5%, what is the price of this stock?
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Dividend Growth Investing Machine
Authors: Andrew P.C.
1st Edition
1521728461, 978-1521728468
