Question
A stock is expected to pay a dividend of $2.1 at the end of year (i.e., D1 = $2.1), and it will continue to grow
A stock is expected to pay a dividend of $2.1 at the end of year (i.e., D1 = $2.1), and it will continue to grow at a constant rate of 4.6% a year. If its required return is 12.5%. What is the stock s expected price 3 years from today?
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Fundamentals Of Corporate Finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
5th Edition
1119795435, 978-1119795438
