Question
CA recently paid an annual dividend of $1.35 per share. Investors expect that the company will increase the dividend by 20% in each of the
CA recently paid an annual dividend of $1.35 per share. Investors expect that the company will increase the dividend by 20% in each of the next three years, and after that they anticipate that dividends will grow by about 5% per year. If the market requires an 11% return on CA stock, what should the stock sell for today?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
