Question
ABC,. Inc just paid a dividend of $12.3. The dividends are expected to grow by 22% in Years 1-3. After that, the dividends are expected
ABC,. Inc just paid a dividend of $12.3. The dividends are expected to grow by 22% in Years 1-3. After that, the dividends are expected to grow by 4% each year. If the required rate of return is 20%, what is today's price of the stock?
Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.
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Budgets And Financial Management In Higher Education
Authors: Margaret J. Barr, George S. McClellan
3rd Edition
1119287731, 9781119287735
