BRB Co. is expected to pay the same dividend for the next two years. Thereafter, the dividend will grow at a constant annual rate of
BRB Co. is expected to pay the same dividend for the next two years. Thereafter, the dividend will grow at a constant annual rate of 1.1%, indefinitely. Investors require a return of 24.4% on BRB stock. If BRB stock sells at R70.26 today, what is next years dividend payment?
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Authors: John Hull
9th Edition
0134083245, 9780134083247
