Question
A stock will pay dividends of $2, $5, and $8 over the next three years, and then increase dividends at a rate of 5% afterwards.
A stock will pay dividends of $2, $5, and $8 over the next three years, and then increase dividends at a rate of 5% afterwards. Its required rate of return is 17%. What is the value of the stock? Round to the penny.
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The Handbook Of Fixed Income Securities
Authors: Frank Fabozzi, Steven Mann
8th Edition
0071768467, 978-0071768467
