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New Gadgets, Incorporated, currently pays no dividend but is expected to pay its first annual dividend of $5.25 per share exactly 8 years from today.
New Gadgets, Incorporated, currently pays no dividend but is expected to pay its first annual dividend of $5.25 per share exactly 8 years from today. After that, the dividends are expected to grow at 4 percent forever. If the required return is 12 percent, what is the price of the stock today? Multiple Choice $29.69 $34.63 $26.50 $65.63 $49.87
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Fundamentals Of Financial Management
Authors: James Van Horne, John Wachowicz
13th Revised Edition
978-0273713630, 273713639
