Question
Given the information in the table, what is the price of the stock in YEAR 1? Todays Dividend $4.62 Discount Rate 9.31% Growth rate in
Given the information in the table, what is the price of the stock in YEAR 1?
| Todays Dividend | $4.62 |
| Discount Rate | 9.31% |
| Growth rate in dividends 0 to 1 | 9.58% |
| Growth rate in dividends 1 to 2 | 6.56% |
| Growth rate in dividends 2 to 3 | 5.79% |
| Growth rate in dividends 3 onward | 3.34% |
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Mathematics Of Finance
Authors: Robert Brown, Petr Zima
2nd Edition
0071756051, 9780071756051
