Question
Company has the following dividend stream. D1 = 1.17 D2 = 3.93 D3 = 4.66 D4 = 5.59 Dividend is expected to be constant after
Company has the following dividend stream.
D1 = 1.17
D2 = 3.93
D3 = 4.66
D4 = 5.59
Dividend is expected to be constant after year 4, with a growth rate of 4%. The cost of equity is 10%. What is the stock price, P0 , today?
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Accounting Comes Alive The Color Accounting Parable
Authors: Mark Robilliard ,Peter Frampton, Chang Chang, Mark Morrow, John Gorman
1st Edition
1450769608, 978-1450769600
