Question
A stock will make its first dividend payment in 6 years.The dividend payment will be $4/share at that time.After making that payment, they will maintain
A stock will make its first dividend payment in 6 years.The dividend payment will be $4/share at that time.After making that payment, they will maintain a constant growth dividend policy and grow their dividends by 5% every year, forever.R=11%.Calculate the stock price today.
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
2nd Edition
0324289235, 9780324289237
