Question
Chamberlain Corporation is expected to pay the following dividends over the next four years: $13.80, $9.80, $8.80, and $4.30. Afterward, the company pledges to
Chamberlain Corporation is expected to pay the following dividends over the next four years: $13.80, $9.80, $8.80, and $4.30. Afterward, the company pledges to maintain a constant 5% growth rate in dividends forever. If the required return on the stock is 10%, what is the current share price? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.) Current share price $
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Corporate Finance Core Principles And Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
6th Edition
1260571122, 978-1260571127
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