Question
Clark Co. just paid a $1.70 dividend, and it is expected to grow at 24% for the next 4 years. After 4 years the dividend
Clark Co. just paid a $1.70 dividend, and it is expected to grow at 24% for the next 4 years. After 4 years the dividend is expected to grow at the rate of 6.25% indefinitely. If the required return is 14.75%, what is the stocks value today?
please show work on paper (-:
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International Finance Theory And Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz
11th Global Edition
1292238739, 978-1292238739
