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Koman company's stock just paid a dividend of $1. The company's dividend is expected to grow at a rate of 0.25 this year, 0.11, next
Koman company's stock just paid a dividend of $1. The company's dividend is expected to grow at a rate of 0.25 this year, 0.11, next year, 0.08 for every year after that. If Koman has a required rate of return of 0.18, what is terminal value of the stock or what is the value of the stock when it first becomes a constant growth stock?
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Financial Management Theory and Practice
Authors: Eugene F. Brigham, Michael C. Ehrhardt
15th edition
130563229X, 978-1305632301, 1305632303, 978-0357685877, 978-1305886902, 1305886909, 978-1305632295
