Question
ABC,. Inc just paid a dividend of $21.65. The dividends are expected to grow by 20% in Years 1-4. After that, the dividends are expected
ABC,. Inc just paid a dividend of $21.65. The dividends are expected to grow by 20% in Years 1-4. After that, the dividends are expected to grow by 5% each year. If the required rate of return is 17%, 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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Answer D0 2165 Growth rate for 14 yearg 20 After thatG 5 Rate of ...
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Introduction To Corporate Finance
Authors: Laurence Booth, Sean Cleary
3rd Edition
978-1118300763, 1118300769
