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help me out pls Assume Highine Company has just paid an annual dividend of $1.04. Mnalysts are predieting an 10.1% per year growth rato in
help me out pls
Assume Highine Company has just paid an annual dividend of $1.04. Mnalysts are predieting an 10.1% per year growth rato in earnings over the next five years. After then, Highline's earnings are expected to grow at tho current industry averago of 5.3% peryear. IH Highline's equity cost of capital is 9.1% per year and its dividend payout ratio remains constant, for what price does the dividend-discourt model predict Hightine stock should soli? The value of Highine's stock is s (Round to the nearest cont) Step by Step Solution
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