Question
A rapidly growing company just paid a dividend of $0.80 a share. For the next fouryears, the earnings growth rate is projected to be 14%
A rapidly growing company just paid a dividend of $0.80 a share. For the next fouryears, the earnings growth rate is projected to be 14% each year, and then 6% thereafter. If the required rate of return is 8%, what is the value of the stock? (answers round to nearest dollar)
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Financial Management Principles And Applications
Authors: Arthur J. Keown
9th Edition
013033362X, 9780130333629
