Question
Financial analysis and decision making 1- The Jacky-Wood Co. just paid a dividend of $1.60 per share on its stock. The dividends are anticipated to
Financial analysis and decision making
1- The Jacky-Wood Co. just paid a dividend of $1.60 per share on its stock. The dividends are anticipated to grow at a constant rate of 6 percent per year forever. If investors require a 12 percent return on The Jacky-Wood Co. stock, what is the current price? What will the price be in three years? In 15 years?
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Valuation Workbook
Authors: Tim Koller, Marc Goedhart, David Wessels, Jeffrey P. Lessard, McKinsey & Company
4th Edition
0471702161, 978-0471702160
