Question
Apollo Utilities, Incorporated paid a dividend of $2.12 yesterday (D0 = $2.12).If this dividend is expected to grow at a constant rate of 6% per
Apollo Utilities, Incorporated paid a dividend of $2.12 yesterday (D0 = $2.12).If this dividend is expected to grow at a constant rate of 6% per year for the next 10 years and shareholders of Apollo use a required rate of return of 11%, what will the expected dividend be in year 10 (D10 = ? )?
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Fundamentals Of Financial Management
Authors: James Van Horne, John Wachowicz
13th Revised Edition
978-0273713630, 273713639
