Question
A stock currently has a zero growth dividend policy and just paid a dividend of $4/share. They will keep this policy for the next 12
A stock currently has a zero growth dividend policy and just paid a dividend of $4/share. They will keep this policy for the next 12 years. Afterward, they will increase their dividends by 2.5%/year, indefinitely. R=14%. Calculate the dividend payment in year 28.
Need exact answer.
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
