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Knight Ltd's current dividend is $2.00 per share. Knight is expected go through a rapid growth stage and the annual dividends are expected to grow
Knight Ltd's current dividend is $2.00 per share. Knight is expected go through a rapid growth stage and the annual dividends are expected to grow at 15% a year for each of the next 3 years. After 3 years the growth rate of dividends is expected to settle down to 7% a year indefinitely.
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To calculate the current price of the share we can use the dividend discount model DDM The DDM calcu...
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
