Question
Harrison Enterprises recently paid a dividend of $1.55. It expects to have non-constant growth of 30% for 2 years followed by a constant rate of
Harrison Enterprises recently paid a dividend of $1.55. It expects to have non-constant growth of 30% for 2 years followed by a constant rate of 7% thereafter. The firm's required return is 14%. What is their stock price today?
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Microeconomics
Authors: Glenn Hubbard, Anthony O'Brien
7th Edition
0134737504, 978-0134737508
