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Keep in mind: PAYMENT, so it will have to be in $ A corporation just paid a dividend of $2.40 per share on its stock.
Keep in mind: PAYMENT, so it will have to be in $
A corporation just paid a dividend of $2.40 per share on its stock. The required rate of return for this stock is 15 percent and dividends are expected to grow at a constant rate of 3 percent per year forever. What is expected dividend payment at the end of year 4Step by Step Solution
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Valuation Workbook
Authors: Tim Koller, Marc Goedhart, David Wessels, Jeffrey P. Lessard, McKinsey & Company
4th Edition
0471702161, 978-0471702160
