Question
A stock paid its annual dividend of $4.94 per share, last week. The dividend growth rate for the stock is expected to be 5.50 percent
A stock paid its annual dividend of $4.94 per share, last week. The dividend growth rate for the stock is expected to be 5.50 percent per year indefinitely. The appropriate discount rate for the stock is 13 percent. Determine the price of the stock today.
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Local Public Finance And Public Policy Volume 3 1987
Authors: John M. Quigley
1st Edition
0892326484, 9780892326488
