Nash Inc. has an 12% required rate of return. It does not expect to initiate dividends for

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Nash Inc. has an 12% required rate of return. It does not expect to initiate dividends for 15 years, at which time it will pay $3.00 per share in dividends. At that time, Nash expects its dividends to grow at 6% forever. What is an estimate of Nash's price in 15 years (P15) if its dividend at the end of year 15 is $3.00?

Posted Date: Jun 25, 2024 11:47 PM

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Nash Inc. has an 12% required rate of return. It does not expect to initiate dividends for

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