Question
Please show answer in excel format with formulas used. Thank you so much! Company Z's earnings and dividends per share are expected to grow indefinitely
Please show answer in excel format with formulas used. Thank you so much!
Company Z's earnings and dividends per share are expected to grow indefinitely by 2% a year. If next year's dividend is $7 and the market capitalization rate is 11%, what is the current stock price?
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Investments An Introduction
Authors: Herbert B Mayo
11th Edition
1133936520, 9781133936527
