Question
Dunder-Mifflin has a beta of 2.8 and just paid a dividend of $0.50 that is expected to grow at 7% per year for the foreseeable
Dunder-Mifflin has a beta of 2.8 and just paid a dividend of $0.50 that is expected to grow at 7% per year for the foreseeable future. If the risk-free rate is 3% and the market risk premium is 6%, what should be the price of their stock in three years?
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, William J. Kretlow
11th Edition
0324653506, 978-0324653502
