Question
Google is expected to produce the following cash flow per share for the next 4 years: Year1234 Cash flow$10$30$40$45 After year 4 cash flows will
Google is expected to produce the following cash flow per share for the next 4 years:
Year1234
Cash flow$10$30$40$45
After year 4 cash flows will grow at the rate of 5% annually.How much will you be willing to pay for a Google share if you require a 15% rate of return?
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Focus On Personal Finance
Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart
5th Edition
0077861744, 978-0077861742
