Question
a stock price is $56, and it recently paid a $2.25 dividend. This dividend is expected to grow by 18% for the next 3 years,
a stock price is $56, and it recently paid a $2.25 dividend. This dividend is expected to grow by 18% for the next 3 years, then grow forever at a constant rate, g; and rs= 13%. At what constant rate is the stock expected to grow after Year 3?
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Financial Management Theory And Practice
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
3rd Canadian Edition
017658305X, 978-0176583057
