Question
Growth rate in dividends for IBM for next five years is expected to be 13.5%. Suppose after this time, growth rate falls to a constant
Growth rate in dividends for IBM for next five years is expected to be 13.5%. Suppose after this time, growth rate falls to a constant 5%. Investors require an 11% return. What should the price of the stock be? 
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Risk Sharing Finance
Authors: Bakkali Mirakhor, Saad Abbas
1st Edition
3110590468, 978-3110590463
