Question
ABC,. Inc just paid a dividend of $23.3. The dividends are expected to grow by 16% in Years 1-4. After that, the dividends are expected
ABC,. Inc just paid a dividend of $23.3. The dividends are expected to grow by 16% in Years 1-4. After that, the dividends are expected to grow by 4% each year. If the required rate of return is 24%, 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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Governance Of Financial Management
Authors: John Carver, Miriam Carver
1st Edition
0470392541, 9780470392546
