Question
ABCCompany's last dividend was $3.6.The dividend growth rate is expected to be constant at 9% for 4 years, after which dividends are expected to grow
ABCCompany's last dividend was $3.6.The dividend growth rate is expected to be constant at 9% for 4 years, after which dividends are expected to grow at a rate of 3% forever.The firm's required return (rs) is 14%.What is its current stock price (i.e. solve for Po)?
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Practical Financial Management
Authors: William R. Lasher
8th edition
1305637542, 978-1305887237, 1305887239, 978-1305637542
