Question
ABC. Inc just paid a dividend of $38.16 per share. The dividends are expected to increase by 2% each year. The required rate of return
ABC. Inc just paid a dividend of $38.16 per share. The dividends are expected to increase by 2% each year. The required rate of return on the stock is 22%. What is the stock's expected price 16 years from today (i.e., what is P16)?
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Personal Finance Building Your Future
Authors: Robert B. Walker, Kristy P. Walker
1st edition
9780077861728, 978-0073530659
