Question
Grand Pyramid just paid its annual dividend of $1.64 per share. The dividends are expected to grow at 2.8 percent per year, indefinitely. What will
Grand Pyramid just paid its annual dividend of $1.64 per share. The dividends are expected to grow at 2.8 percent per year, indefinitely. What will the price of this stock be in 7 years if investors require an annual return of 15.2 percent?
| A. | $16.24 | |
| B. | $16.33 | |
| C. | $16.08 | |
| D. | $16.50 | |
| E. | $16.96 |
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The Handbook Of Credit Portfolio Management
Authors: Greg Gregoriou, Christian Hoppe
1st Edition
0071598340, 978-0071598347
