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A stock will pay no dividends for the next 7 years. Then it will pay a dividend of $6 growing at 5%. The discount rate
A stock will pay no dividends for the next 7 years. Then it will pay a dividend of $6 growing at 5%. The discount rate is 7%. What should be the current stock price?
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Financial Risk Manager Handbook
Authors: Philippe Jorion, Global Association Of Risk Professionals
5th Edition
0470479612, 978-0470479612
