Question
Booze Hound Lickers, Inc. has a policy where its annual dividend grows by 4 percent per year every year, and they intend to maintain this
Booze Hound Lickers, Inc. has a policy where its annual dividend grows by 4 percent per year every year, and they intend to maintain this policy forever.Their most recent dividend was $1.14 and was paid this morning.The current price per share of this stock is $16.94. The required return on this stock is 11 percent. What will the price of this stock be 8 years from now?
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Survey Of Economics, Principles, Applications, And Tools
Authors: Arthur O'Sullivan, Steven M. Sheffrin, Stephen J. Perez
5th Edition
0132556073, 978-0132556071
