Question
Bettis Corp.'s stock price is $50 per share, and its expected year-end dividend is $3 a share (D1 = $3.00). The stock's required return is
Bettis Corp.'s stock price is $50 per share, and its expected year-end dividend is $3 a share (D1 = $3.00). The stock's required return is 15%, and the dividend is expected to grow at a constant rate forever. What is the expected price of the stock 4 years from now?
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Public School Finance Decoded
Authors: Jay C. Toland
1st Edition
1475827679, 978-1475827675
