Question
Given the information in the table, what is the price of the stock in YEAR 1? Todays Dividend $3.91 Discount Rate 6.52% Growth rate in
Given the information in the table, what is the price of the stock in YEAR 1?
| Todays Dividend | $3.91 |
| Discount Rate | 6.52% |
| Growth rate in dividends 0 to 1 | 9.76% |
| Growth rate in dividends 1 to 2 | 7.98% |
| Growth rate in dividends 2 to 3 | 5.83% |
| Growth rate in dividends 3 onward | 3.52% |
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett
7th Edition
0073530751, 9780073530758
