Question
Jay-Cee is expected to pay its first dividend of $0.20 in 2025. The dividend is then anticipated to increase at a constant 3% p.a. indefinitely.
Jay-Cee is expected to pay its first dividend of $0.20 in 2025. The dividend is then anticipated to increase at a constant 3% p.a. indefinitely. If the required return is 8%, what is a fair value of Jay-Cee in 2019? |
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Fundamentals of Investments, Valuation and Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
8th edition
1259720697, 1259720691, 1260109437, 9781260109436, 978-1259720697
