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Bronco Company pays no dividends, but in three years, it will begin paying a constant $1 per year dividend. If investors require a 6% return,
Bronco Company pays no dividends, but in three years, it will begin paying a constant $1 per year dividend. If investors require a 6% return, how much should Bronco Company stock sell for?
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The Concepts And Practice Of Mathematical Finance
Authors: Mark S. Joshi
2nd Edition
0521514088, 9780521514088
