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Analysts expect Placer Corp. to pay shareholders $3.50 per share for Year 1. For the following 3 years, it will be $6.4/sh annually. Afterward (ie.
| Analysts expect Placer Corp. to pay shareholders $3.50 per share for Year 1. For the "following" 3 years, it will be $6.4/sh annually. Afterward (ie. after four years), the dividend will stay at $4.2/sh. | |||||||||||
| Given a discount rate of 9.8%, what is the value of the stock today? | |||||||||||
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Fundamentals Of Corporate Finance
Authors: Stephen A Ross, Randolph W Westerfield, Bradford D Jordan
7th Edition
0073134295, 9780073134291
