Question
JobStreet just paid an annual dividend of RM 5 on its share. The growth rate in dividends is expected to be a constant 5 percent
JobStreet just paid an annual dividend of RM 5 on its share. The growth rate in dividends is expected to be a constant 5 percent per year indefinitely. Investors require a 13 percent return on the share for the first 3 years, a 9 percent return for the next 3 years, a 7 percent return thereafter. What is the current price per share?
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Small Business Management Launching and Growing New Ventures
Authors: Justin Longenecker, Leo Donlevy, Terri Champion, William Petty, Leslie Palich, Frank Hoy
6th Canadian edition
176532218, 978-0176532215
