Question
Jen's company last dividend was $4. the dividend growth rate is expected to be constant at 1.5% for 2 years, after which dividends are expected
Jen's company last dividend was $4. the dividend growth rate is expected to be constant at 1.5% for 2 years, after which dividends are expected to grow at a rate of 8% forever. the firms require return is 12%. what is the best estimate of the current stock price?
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Financial Markets And Institutions
Authors: Jeff Madura
13th Edition
0357130790, 978-0357130797
