Question
ABC, Inc.'s stock is currently selling for $193.5. The dividends are expected to grow at 7.62% each year forever. If the required rate of return
ABC, Inc.'s stock is currently selling for $193.5. The dividends are expected to grow at 7.62% each year forever. If the required rate of return on the stock is 16.5%, what is next period's dividend? That is, solve for D1.
Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.
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Fundamentals Of Institutional Asset Management
Authors: Frank J Fabozzi, Francesco A Fabozzi
1st Edition
9811220034, 9789811220036
