Question
Firm XYZ currently pays a dividend of $2.00 per share. If the dividends are anticipated to grow at a rate of 5.5% per year (indefinitely),
Firm XYZ currently pays a dividend of $2.00 per share. If the dividends are anticipated to grow at a rate of 5.5% per year (indefinitely), What is the price of the stock in 5 years investors require a return of 9.0%?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
