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(C)Face Book Corporation is just about to pay a dividend of $5.00 per share. Also the company will give a bonus dividend of $20(additional to
(C)Face Book Corporation is just about to pay a dividend of $5.00 per share. Also the company will give a bonus dividend of $20(additional to $5) after 5 years. Investors anticipate that the annual dividend will rise by 7 percent a year forever. The applicable discount rate is 10%. What is the price of stock today
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Business Finance
Authors: Brian Watts
8th Edition
0712110720, 978-0712110723
