Question
Dividends at FSL are expected grow at a rate of negative 4.5% per year (the dividends are getting smaller). The stock just paid a dividend
Dividends at FSL are expected grow at a rate of negative 4.5% per year (the dividends are getting smaller). The stock just paid a dividend of $1.17 per share, and investors require a return of 16% to invest in the company.
What is the expected price of the stock next year?
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Introduction to Finance Markets Investments and Financial Management
Authors: Melicher Ronald, Norton Edgar
15th edition
9781118800720, 1118492676, 1118800729, 978-1118492673
