Question
Consider the following information. HCB stock will pay a dividend of $3.00 this year (D1). Dividends are expected to grow at a rate of 20%
Consider the following information.
HCB stock will pay a dividend of $3.00 this year (D1). Dividends are expected to grow at a rate of 20% next year, and 15% the year after that, and 5% per year forever after that. HCB's stock's required return is 12%. Calculate the stock price.
Excel or formula
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Financial Regulation In The EU From Resilience To Growth
Authors: Raphaël Douady , Clément Goulet, Pierre-Charles Pradier
1st Edition
3319442864,3319442872
