Question
A stock just paid a dividend of D0 = $2.3. The required rate of return is rs = 11.1%, and the constant growth rate is
A stock just paid a dividend of D0 = $2.3. The required rate of return is rs = 11.1%, and the constant growth rate is g = 6.5%. What is the current stock 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
