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Please help! Question 8 0.5 pts KO just paid a dividend of $5 per share. Analysts expect its dividend to grow at 29% per year
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Question 8 0.5 pts KO just paid a dividend of $5 per share. Analysts expect its dividend to grow at 29% per year for the next three years and then 2% per year thereafter. If the required rate of return on the stock is 7%, what is the current value of the stock? Round your answer to the nearest two decimals if needed. Do not type the $ symbolStep by Step Solution
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Infrastructure Planning And Finance
Authors: Vicki Elmer, Adam Leigland
1st Edition
0415693187, 978-0415693189
