Question
A stock's current dividend is 6 and the required rate of return on this stock is 12%. If the dividend growth rate is 9%,
A stock's current dividend is 6 and the required rate of return on this stock is 12%. If the dividend growth rate is 9%, what should be the current stock price? *
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
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