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management of Sunland, a biotech firm, forecasted the following growth rates for the next three years: 35%, 28%, and 22%. Management then expects a company
management of Sunland, a biotech firm, forecasted the following growth rates for the next three years: 35%, 28%, and 22%. Management then expects a company to grow at a constant rate of 9% forever. The company paid a dividend of two dollars last week. If the required rate of return is 17%, what is the value of the stock?
management of Sunland, a biotech firm, forecasted the following growth rates for the next three years: 35%, 28%, and 22%. Management then expects a company to grow at a constant rate of 9% forever. The company paid a dividend of two dollars last week. If the required rate of return is 17%, what is the value of the stock?
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International Finance
Authors: Keith Pilbeam
5th Edition
1350347094, 978-1350347090
