Question
A stock is expected to pay a dividend of $0.50 at the end of the year (i.e., D 1 =0.50), and it should continue to
A stock is expected to pay a dividend of $0.50 at the end of the year (i.e., D1=0.50), and it should continue to grow at a constant rate of 7% a year. If its required return is 12%, what is the stock's expected price 4 years from today?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
