Question
A stock with a required return of 19.6% has just announced that it will make its first dividend payment of $2 per share in four
A stock with a required return of 19.6% has just announced that it will make its first dividend payment of $2 per share in four years. Afterward they plan to increase the dividend payment by 8% per year. What should be the current price of this stock?
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To calculate the current price of the stock we can use the dividend dis...
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Contemporary Financial Management
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
10th Edition
978-0324289114, 0324289111
