Question
Muray crop. Is expected to pay the following dividends over the next 4 years: $14, $7, $10, $2. Afterwards, the company will maintain a constant
Muray crop. Is expected to pay the following dividends over the next 4 years: $14, $7, $10, $2. Afterwards, the company will maintain a constant 6% growth rate in dividends. The required return on stock is 10%.
a- what is the price at t=1?
b- what is the price at t=18?
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Financial Management Theory and Practice
Authors: Eugene F. Brigham, Michael C. Ehrhardt
16th edition
1337902608, 978-1337902601
