Question
A stock is expected to pay a dividend of $1.9 at the end of the year. The required rate of return is rs = 9.5%,
A stock is expected to pay a dividend of $1.9 at the end of the year. The required rate of return is rs = 9.5%, and the expected constant growth rate is g = 6.4%. What is the stock's current price?
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Public Finance In Canada
Authors: Harvey Rosen, Beverly George Dahlby, Roger Smith, Jean-Francois Wen, Tracy Snoddon
3rd Canadian Edition
0070951659, 978-0070951655
