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Our favorite stock just paid a dividend of $10 per share and has declared that it will increase its dividend by $1 per share for
Our favorite stock just paid a dividend of $10 per share and has declared that it will increase its dividend by $1 per share for each of the next 4 years. After that, it will never pay another dividend. If your required return of 12.7 percent, what is the price of the stock?
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To calculate the price of the stock we can use the dividend discount model DDM The ...
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Financial Accounting and Reporting a Global Perspective
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
4th edition
978-1408066621, 1408066629, 1408076861, 978-1408076866
