Question
If IBM is expected to pay a $12 dividend next period and dividends are expected to grow at 5 percent annually, what should be the
If IBM is expected to pay a $12 dividend next period and dividends are expected to grow at 5 percent annually, what should be the price of this stock today if investors require a 12 percent rate of return?
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Intermediate Financial Theory
Authors: Jean-Pierre Danthine, John B. Donaldson
3rd Edition
0123865492, 9780123865496
