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Company Z's earnings and dividends per share are expected to grow indefinitely by 3% a year. If next year's dividend is $5 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 $5 and the market capitalization rate is 11%, what is the current stock price?
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Financial Economics
Authors: Zvi Bodie, Robert C Merton, David Cleeton
2nd Edition
0558785751, 9780558785758
