Question
A share of stock pays a constantly growing (end of the year) dividend. If the stock sells for $125.11/share today, the dividend yield is 9.9%,
A share of stock pays a constantly growing (end of the year) dividend. If the stock sells for $125.11/share today, the dividend yield is 9.9%, and the total return required by investors (in the stock) is 7.55%, at what price should each share sell in exactly 6 years?
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Quantitative Financial Analytics The Path To Investment Profits
Authors: Edward E Williams, John A Dobelman
1st Edition
9813224258, 978-9813224254
