Question
A stock will pay a dividend of $3.08 exactly one year from now. You expect dividends to grow at 9% for the following 2 years
A stock will pay a dividend of $3.08 exactly one year from now. You expect dividends to grow at 9% for the following 2 years and then a constant 2.4% every year thereafter. If the stock's required rate of return is 12.8%, what is a fair price for the stock today?
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Principles Of Finance With Excel
Authors: Simon Benninga, Tal Mofkadi
3rd Edition
0190296380, 9780190296384
