Question
Investors believe that a certain stock will pay a $4 dividend next year. The market price of the stock is $66.67, and investors expect a
Investors believe that a certain stock will pay a $4 dividend next year. The market price of the stock is $66.67, and investors expect a 12% return on stock. What long-run growth rate in dividends is consistent with the the current price of stock?
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Financial Analysis With Microsoft Excel 2016
Authors: Timothy R. Mayes, Todd M. Shank
8th Edition
1337298042, 9781337298049
