Question
Consider the stock of Aya Company, which will pay an annual dividend of $3 one year from today. The dividend will grow at a constant
Consider the stock of Aya Company, which will pay an annual dividend of $3 one year from today. The dividend will grow at a constant rate of 3%, forever.The market requires a 12% return on the company's stock. What will the stock price be 10 years from today?
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
12th edition
1285850033, 978-1305480698, 1305480694, 978-0357688236, 978-1285850030
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