Question
Microsoft Corporation will pay the following annual dividends over the next three years: $1.50, $1.65, and $2.00. Then, the firm will pay a constantly growing
Microsoft Corporation will pay the following annual dividends over the next three years: $1.50, $1.65, and $2.00.
Then, the firm will pay a constantly growing dividend. Please note that your required rate of return is 11%, and that Microsoft's stock is trading at $18.60.
What is Microsoft's dividend growth rate?
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International Financial Management
Authors: Geert Bekaert, Robert J. Hodrick
2nd edition
013299755X, 132162768, 9780132997553, 978-0132162760
