Question
Question 15 (1 point) The Nikko Companys last dividend was $1.50. The dividend growth rate is expected to be constant at 15% for 3 years,
Question 15 (1 point)
The Nikko Companys last dividend was $1.50. The dividend growth rate is expected to be constant at 15% for 3 years, after which dividends are expected to grow at a rate of 6% forever. If Nikkos required return (rs) is 11%, what is the companys current share price?
Question 15 options:
| $40.20 | |
| $38.99 | |
| $36.69 | |
| $37.82 |
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Economics Of Money Banking And Financial Markets
Authors: Frederic Mishkin
10th Global Edition
0273765736, 978-0273765738
