Question
Blue Company just paid a dividend of $1 this year. The growth rate in dividends for the next three years is expected to be
Blue Company just paid a dividend of $1 this year. The growth rate in dividends for the next three years is expected to be 3%, and continue growing at 2% in years 4 and 5. Afterwards, it will fall off to a constant 1% perpetually. If the required return is 10%, what is the current share price?
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Modern Advanced Accounting In Canada
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1259066487, 978-1259066481
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