firm XYZ does not yet pay a dividend. But, in 4 years you think that they will start paying a divident and it will be
firm XYZ does not yet pay a dividend. But, in 4 years you think that they will start paying a divident and it will be $1.99 per share. Each year after that, the dividend is expected to grow by 3.9%. The required rate of return for XYZ stock is 9.9% per year. What should be the price of XYZ stock today?
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Authors: William O. Cleverley, James O. Cleverley, Paula H. Song
7th Edition
0763789291, 978-0763789299
