Question
Hayworth Industries does not currently pay dividends. However, investors expect that, in 4 years, Hayworth will pay its first dividend of $ 2.09 per share
Hayworth Industries does not currently pay dividends. However, investors expect that, in 4 years, Hayworth will pay its first dividend of $ 2.09 per share and will continue to grow at
11 %per year forever. If investors require a 13 % annual return on the stock, what is the current price?
The current price of the stock is? (Round to the nearest cent.)
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Handbook Of Alternative Assets
Authors: Mark J. P. Anson
2nd Edition
047198020X, 978-0471980209
