Microsoft had experience abnormal growth. The company anticipates that it will grow at an abnormal rate of 21% for the next three years. After that,
Microsoft had experience abnormal growth. The company anticipates that it will grow at an abnormal rate of 21% for the next three years. After that, the growth rate will drop to match the industry's constant growth rate of 5%. If investors require a 17% return and the firm's dividend per share is expected to be $4 (DIV1 = $4) what should be Microsofts's stock price?
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Authors: Marcia Millon Cornett, John R. Nofsinger, Troy Adair
3rd International Edition
1259252221, 9781259252228
