Question
Gorilla Company just paid a $4 annual dividend. The dividend is expected to grow by 7% each year for the next 4 years. After that
Gorilla Company just paid a $4 annual dividend. The dividend is expected to grow by 7% each year for the next 4 years. After that the company will never pay another dividend ever again. If the market requires an annual return of 7% on this company's stocks, the stock price should be ________ today.
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
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