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General Importers announced that it will pay a dividend of $2.00 per share one year from today. After that, the company expects a slowdown in
General Importers announced
that it will pay
a dividend of $2.00 per
share one year from today. After that, the company
expects a slowdown in its business and will not pay a dividend for the next 6 years. Then, ?
years from today,
the company will begin paying an annual dividend of $1.00 forever. The required return i
is 10.00 percent. What is the price of the stock today?
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Investment Science
Authors: David G. Luenberger
1st Edition
0195108094, 978-0195108095
