A stock sells for $25. The next dividend will be $4 per share. If the rate of return earned on reinvested funds is a constant
A stock sells for $25. The next dividend will be $4 per share. If the rate of return earned on reinvested funds is a constant 15% and the company reinvests 40% of earnings in the firm, what must be the discount rate?
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Authors: Anatoly B Schmidt
1st Edition
9811239495, 978-9811239496
