Question
ABC Company just paid annual dividend of $5 today. The dividend is expected to grow at 3% for the next 5 years, then it will
ABC Company just paid annual dividend of $5 today. The dividend is expected to grow at 3% for the next 5 years, then it will grow at 5% in perpetuity. If stocks of similar company earn 9% annual return, what is the price of a share of ABC Company stock?
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The Cold Start Problem
Authors: Andrew Chen
1st Edition
0062969749, 978-0062969743
