Question
Apple pay's a dividend of $2/year, its annual dividend growth rate and expected return are expected to be 7% and 10% respectively for the next
Apple pay's a dividend of $2/year, its annual dividend growth rate and expected return are expected to be 7% and 10% respectively for the next 10 years. After that, the annual dividend growth rate and expected return change to 5% and 8% respectively and remain the same forever. What is the share price?
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
15th edition
77861612, 1259194078, 978-0077861612, 978-1259194078
