Question
BioSci, Inc., a biotech firm has forecast the following cash flows for the next three years: 1.3, 1.9, and 2.2. The company then expects to
BioSci, Inc., a biotech firm has forecast the following cash flows for the next three years: 1.3, 1.9, and 2.2. The company then expects to grow at a constant rate of 6% for the indefinite future. If the required rate of return is 13 percent, what is the market value of this stock? (Do not round intermediate calculations. Round final answer to two decimal places.)
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Personal Finance
Authors: Jeff Madura
5th edition
132994348, 978-0132994347
