Question
Non-constant growth. A stock just paid D 0 =1.00 The year 1 expected dividend growth rate is 5%. In year 2 and every year thereafter
Non-constant growth. A stock just paid D0=1.00
The year 1 expected dividend growth rate is 5%.
In year 2 and every year thereafter constant growth of 3% is assumed.
Discount rate = 10%. What is the stock price today?
16.00
14.50
15.00
15.50
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Oregon Real Estate Practices Finance Law
Authors: Palmer, Frank
1st Edition
0324137710, 9780324137712
