Question
Harris company paid a dividend of $1.50 today. It expects dividend payments to increase by 15% every year for the next three years before resuming
Harris company paid a dividend of $1.50 today. It expects dividend payments to increase by 15% every year for the next three years before resuming a normal growth of 6%. What should you pay for this stock if you demand a 16%?
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Fundamentals of Investment Management
Authors: Geoffrey Hirt, Stanley Block
10th edition
0078034620, 978-0078034626
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