Question
Fletchers Companys current stock price is $17, and its last dividend was $2.50. In view of Fletchers strong financial position and its consequent low risk,
Fletchers Companys current stock price is $17, and its last dividend was $2.50. In view of Fletchers strong financial position and its consequent low risk, its required rate of return is only 17%. If dividends are expected to grow at a constant rate, g, in the future, and if ks is expected to remain at 17%, what is Fletchers expected stock price 3 years from now?
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Audit Renaissance
Authors: Vakils
1st Edition
8184621639, 978-8184621631
