Question
Company Z's earnings and dividends per share are expected to grow indefinitely by 3% a year. If next year's dividend is $8 and the market
Company Z's earnings and dividends per share are expected to grow indefinitely by 3% a year. If next year's dividend is $8 and the market capitalization rate is 10%, what is the current stock price?
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
13th edition
1111971633, 978-1111971632
