Question
Diamond Mines' (DM) stock dividend has grown at 7.00% per year for as long as anyone can remember. Investors believe that a year from now
Diamond Mines' (DM) stock dividend has grown at 7.00% per year for as long as anyone can remember. Investors believe that a year from now the company will pay a dividend of 56 and that the dividend will continue to grow at 7.00% indefinitely. If the market's required return on DM stock is 14.25%, what does the stock sell for today?
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Behavioral Finance And Capital Markets
Authors: A. Szyszka
5th Edition
1137338741, 9781137338747
