Question
A stock is expected to pay a dividend of $0.95 at the end of the year. The required rate of return is rs = 11.6%,
A stock is expected to pay a dividend of $0.95 at the end of the year. The required rate of return is rs = 11.6%, and the expected constant growth rate is g = 8.2%. What is the stock's current price?
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley Eakins
6th International Edition
0321552113, 9780321552112
