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Becker Company's last dividend was $1.20.The dividend growth rate is expected to be constant at 2% for 2 years, after which dividends are expected to
- Becker Company's last dividend was $1.20.The dividend growth rate is expected to be constant at 2% for 2 years, after which dividends are expected to grow at a rate of 8.0% forever.The firm's required return (rs) is 12.0%.What is the best estimate of the current stock price?
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Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
10th edition
77861671, 978-0077861674
