Question
Entling, Inc. just paid a dividend of $3. Dividends are expected to grow at a rate of 6% for the next 2 years, and then
Entling, Inc. just paid a dividend of $3. Dividends are expected to grow at a rate of 6% for the next 2 years, and then at a rate of 3% forever. If Entling, Inc. has a beta of 0.8, the T-bill rate is 5.4%, and the expected market risk premium is 7%, what is the price of Entlings stock today?
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Risk Management And Financial Institutions
Authors: John Hull
1st Edition
0132397900, 9780132397902
