Question
A stock will pay a dividend of $1.15 next year. It has a required rate of return of 18% and a constant dividend growth rate
A stock will pay a dividend of $1.15 next year. It has a required rate of return of 18% and a constant dividend growth rate of 3%. What price should this stock be selling for?
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Get StartedRecommended Textbook for
Business Forecasting
Authors: John E. Hanke, Dean Wichern
9th edition
132301202, 978-0132301206
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