Question
if a firm does not pay a dividend, and It is expected to pay its first dividend of $0.32 per share in three years. The
if a firm does not pay a dividend, and It is expected to pay its first dividend of $0.32 per share in three years. The dividend will grow at 12 percent indefinitely, and there is a 13 percent discount rate. How do I determine the stock value?
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Essentials of Managerial Finance
Authors: Scott Besley, Eugene F. Brigham
14th edition
324422709, 324422702, 978-0324422702
