Question
Non-constant growth dividends: Current dividend = D 0 = $3. The growth rate = 20% for Year 0 to Year 1, 15% for Year 1
Non-constant growth dividends: Current dividend = D0 = $3. The growth rate = 20% for Year 0 to Year 1, 15% for Year 1 to Year 2, 10% for Year 2 to Year 3, and then long-run constant gL = 6%. Required return = 15%. What is the current stock price?
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Trillions How A Band Of Wall Street Renegades Invented The Index Fund And Changed Finance Forever
Authors: Robin Wigglesworth
1st Edition
0593087682,0593087690
