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Assuming that the company is a constant growth company, whose last dividend was $5.5, and whose dividend is expected to grow indefinitely at a 5
Assuming that the company is a constant growth company, whose last dividend was $5.5, and whose dividend is expected to grow indefinitely at a 5 percent rate. What would be stock price? Please, use your finding in Question 3 as an input for required rate of return.
rate of return is 7.65
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Case Studies In Finance
Authors: Robert F. Bruner
4th Edition
0072338628, 978-0072338621
