Question
ABC,. Inc just paid a dividend of $27.6. The dividends are expected to grow by 25% in Years 1-4. After that, the dividends are expected
ABC,. Inc just paid a dividend of $27.6. The dividends are expected to grow by 25% in Years 1-4. After that, the dividends are expected to grow by 7% each year. If the required rate of return is 25%, what is today's price of the stock?
Enter the answer rounded off to two decimal points.
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Financial Institutions Management A Risk Management Approach
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
8th edition
978-0078034800, 78034809, 978-0071051590
