Question
Mitts Cosmetics Co.'s stock price is $52.65, and it recently paid a $1.50 dividend. This dividend is expected to grow by 24% for the next
Mitts Cosmetics Co.'s stock price is $52.65, and it recently paid a $1.50 dividend. This dividend is expected to grow by 24% for the next 3 years, then grow forever at a constant rate, g; and rs = 11%. At what constant rate is the stock expected to grow after Year 3? Round your answer to two decimal places. %
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Handbook Of Financial Markets Dynamics And Evolution
Authors: Thorsten Hens
1st Edition
0323165478, 978-0323165471
