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Burke Tires just paid a dividend of Do=$1.3. Analysts expect the company's dividend to grow by 30% this year, by 10% in Year 2,
Burke Tires just paid a dividend of Do=$1.3. Analysts expect the company's dividend to grow by 30% this year, by 10% in Year 2, and at a constant rate of 5% in Year 3 and thereafter. The required return on this low-risk stock is 10.00%. What is the best estimate of the stock's current market value?
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Business Finance
Authors: Eddie McLaney
11th Edition
1292134402, 9781292134406
