Question
ABC Co.. just paid a dividend of $1.65 per share on its stock. The dividends are expected to grow at a constant rate of 7.0%
ABC Co.. just paid a dividend of $1.65 per share on its stock. The dividends are expected to grow at a constant rate of 7.0% per year indefinitely. If investors require an 12.0% return on ABC Co.. stock, answer the following: (Do not round intermediate calculations. Round the final answers to 2 decimal places. Omit $ sign in your response.)
What will the price be in three years?
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Advanced Accounting And Auditing Theory And Practice
Authors: Prof. R.B. Patel
1st Edition
8188730882, 978-8188730889
