Question
A stock is expected to maintain a constant dividend growth rate of 4.0 percent indefinitely. The expected dividend next year is $4.0 and the discount
A stock is expected to maintain a constant dividend growth rate of 4.0 percent indefinitely. The expected dividend next year is $4.0 and the discount rate is 12.2 percent. What is the value of this promised dividend stream?
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International Financial Management
Authors: Cheol Eun, Bruce Resnick
7th Edition
0077861604, 9780077861605
