A stock with a required return of 8.2% just paid a dividend of $0.50 that is expected to double each year for the next two
A stock with a required return of 8.2% just paid a dividend of $0.50 that is expected to double each year for the next two years and then grow at a constant rate of 4% per year. What should be the current price of this stock?
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Authors: William O. Cleverley, James O. Cleverley, Paula H. Song
7th Edition
0763789291, 978-0763789299
