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A stock will pay a dividend of $1 next quarter, growing at 2% per quarter for ten years, after which the dividend will stay constant
A stock will pay a dividend of $1 next quarter, growing at 2% per quarter for ten years, after which the dividend will stay constant forever. What is the present value of this stock at a 2.5% discount rate?
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
15th edition
77861612, 1259194078, 978-0077861612, 978-1259194078
