Question
Company has the following dividend stream. D1 = 1.85 D2 = 3.47 D3 = 4.86 D4 = 5.86 Dividend is expected to be constant after
Company has the following dividend stream. D1 = 1.85 D2 = 3.47 D3 = 4.86 D4 = 5.86 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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Day Trading For Beginners
Authors: Brittany D. Chapman
1st Edition
979-8391458920
