Question
Connolly Co.'s expected year-end dividend is D1= $2.60, its required return is rs= 12.00%, its dividend yield is 8.00%, and its growth rate is expected
Connolly Co.'s expected year-end dividend is D1= $2.60, its required return is rs= 12.00%, its dividend yield is 8.00%, and its growth rate is expected to be constant in the future. What is Connolly's expected stock price in 2 years ? What could be the possible causes of rise in stock price? Discuss.
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Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
3rd edition
1119372933, 978-1119372936
