Question
ABC Inc will pay a dividend of $6.4, $3.1, $9.4, and $2.1 for years 1, 2, 3, and 4, respectively. Thereafter, the dividend will grow
ABC Inc will pay a dividend of $6.4, $3.1, $9.4, and $2.1 for years 1, 2, 3, and 4, respectively. Thereafter, the dividend will grow at 2.6% per year forever. If the annual required rate of return for the stock is 5.1%, what is it's current price? Round your answer to the nearest whole dollar
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Entrepreneurial Finance Concepts And Cases
Authors: Miranda S. Lam, Gina Vega
1st Edition
1138013609, 978-1138013605
