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Please solve using excel and show formula/work thank you so much correct answer is: $61.28 Austin Airlines paid an annual dividend of $1.18 a share
Please solve using excel and show formula/work
thank you so much
correct answer is: $61.28
Austin Airlines paid an annual dividend of $1.18 a share last month. The company is planning on paying $1.5, $2.5, and $3.5 a share over the next 3 years, respectively. After that, dividends will be growing at 5% per year indefinitely. What is the market price of this stock if the market rate of return is 10 percentStep by Step Solution
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