Question
A share of common stock has just paid a dividend of $2.00. If the expected long- run dividend growth rate for this stock is 6
A share of common stock has just paid a dividend of $2.00. If the expected long- run dividend growth rate for this stock is 6 percent, and if investors require a 12 percent rate of return, what is the current price of the stock?
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Mathematics Of Finance
Authors: Robert Brown, Petr Zima
2nd Edition
0071756051, 9780071756051
