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Beta Corp has an ROE of 15%; has just paid a dividend of $1.50; and pays 10% of its earnings out in dividends, and the
Beta Corp has an ROE of 15%; has just paid a dividend of $1.50; and pays 10% of its earnings out in dividends, and the appropriate discount rate is 20%; what is the current stock price?
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Handbook Of The Economics Of Finance Volume 2A
Authors: George M. Constantinides, Milton Harris, Rene M. Stulz
1st Edition
