Question
Boeing Industries just paid a dividend of $2.05. The growth rate is expected to be a constant 12 percent for 2 years, after which dividends
Boeing Industries just paid a dividend of $2.05. The growth rate is expected to be a constant 12 percent for 2 years, after which dividends are expected to grow at a rate of 6 percent forever. The required rate of return on equity (r) is 10.4 percent. What is the current price of the common stock?
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The Bank Credit Analysis Handbook
Authors: Jonathan Golin, Philippe Delhaise
2nd Edition
0470821574, 978-0470821572
