Lonming Assets will pay the following dividends over the next four years: $10, $8, $4, and $2. Afterward, the company pledges to maintain a constant
| Lonming Assets will pay the following dividends over the next four years: $10, $8, $4, and $2. Afterward, the company pledges to maintain a constant 8 percent growth rate in dividends forever. |
| Compute the current share price, if the required return on the stock is 17%. |
Multiple Choice
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$29.23
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$38.90
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$30.76
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$31.69
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$30.20
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Authors: Nico Van Der Wijst
1st Edition
1107029228, 978-1107029224
