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For the next three years, the annual dividends of a stock are expected to be 2.00, 2.10, and 2.20. The stock price is expected
For the next three years, the annual dividends of a stock are expected to be 2.00, 2.10, and 2.20. The stock price is expected to be 20.00 at the end of three years. If the required rate of return on the shares is 10 percent, what is the estimated value of a share? How do I solve this on a FINANCIAL CALCULATOR WITH INPUTS PLEASE
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Fundamentals of Corporate Finance
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D.Jordan
8th Edition
978-0073530628, 978-0077861629
