Question
Apex.Co is planning on increasing its annual dividend by 20 percent a year for the next 2 years and then decreasing the growth rate to
Apex.Co is planning on increasing its annual dividend by 20 percent a year for the next 2 years and then decreasing the growth rate to 5 percent per year. The company just paid its annual dividend in the amount of $1.00 per share. What is the current value of one share of this stock if the required rate of return is 8 percent?
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Corporate Financial Management
Authors: Douglas R. Emery, John D. Finnerty, John D. Stowe
4th Edition
1935938002, 9781935938002
