Question
Columbus Manufacturing's stock currently sells for $ 28.51 a share. The stock just paid a dividend of $3.50 a share (i.e.,D 0 ). The dividend
Columbus Manufacturing's stock currently sells for $ 28.51 a share. The stock just paid a dividend of $3.50 a share (i.e.,D0). The dividend is expected to grow at a constant rate of 8 % a year. What stock price is expected three year from now (P3)? Round your answer to two decimal places.
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Taxation Of Individuals And Business Entities 2015
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
6th Edition
978-1259206955, 1259206955, 77862368, 978-0077862367
