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Farmco just paid a dividend of $.20 per share. The dividends are expected to grow at 20 percent annually for the next 7 years and
Farmco just paid a dividend of $.20 per share. The dividends are expected to grow at 20 percent annually for the next 7 years and then level off to an annual growth rate of 3 percent indefinitely. What is the price of this stock today given a required return of 15 Percent? the answer is 3.98 But I need clear and easy steps because I missed it up. show easy steps in writing not pic exl. thx vote up
Farmco just paid a dividend of $.20 per share. The dividends are expected to grow at 20
percent annually for the next 7 years and then level off to an annual growth rate of 3
percent indefinitely. What is the price of this stock today given a required return of 15
Percent?
the answer is 3.98
But I need clear and easy steps because I missed it up.
show easy steps in writing not pic exl. thx vote up
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College Accounting A Contemporary Approach
Authors: David Haddock, John Price, Michael Farina
4th edition
978-1259995057, 1259995054, 978-0077503987, 77503988, 978-0077639730
