Question
In dollars and cents, what is the fair value of a stock that has just paid a dividend of $2.73, which is expected to grow
In dollars and cents, what is the fair value of a stock that has just paid a dividend of $2.73, which is expected to grow indefinitely at 1.15%pa, and that has a cost of capital of 9.85%?
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Get StartedRecommended Textbook for
Bond Markets Analysis and Strategies
Authors: Frank J.Fabozzi
9th edition
133796779, 978-0133796773
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