Question
Jefferson Mills just paid a dividend of $1.70 per share on its stock. The dividends are expected to grow at a constant rate of 9
Jefferson Mills just paid a dividend of $1.70 per share on its stock. The dividends are expected to grow at a constant rate of 9 percent per year, indefinitely. What will the price of this stock be in 7 years if investors require a 16 percent rate of return?
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
9th Edition
0324656122, 978-0324656121
