Question
Huang Company's last dividend was $1.75. The dividend growth rate is expected to be constant at 50.0% for 3 years, after which dividends are expected
Huang Company's last dividend was $1.75. The dividend growth rate is expected to be constant at 50.0% for 3 years, after which dividends are expected to grow at a rate of 6% forever. If the firm's required return (rs) is 13%, what is its current stock price? Do not round intermediate calculations.
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Principles Of Managerial Finance
Authors: Chad J. Zutter, Scott Smart
16th Edition
0136945880, 978-0136945888
