Question
Question 15 A firm will issue a dividend of $2 the next year(D1=2), the dividend is expected to experience super growth for the next 2
Question 15
A firm will issue a dividend of $2 the next year(D1=2), the dividend is expected to experience super growth for the next 2 years at 30%, then the firm is expected to resume normal growth of 5%. Suppose the cost of the firm is the 15%. What is the horizontal value?
| a. 25.4 | ||
| b. 26.2 | ||
| c. 27.3 | ||
| d. 28.5 |
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
16th Edition
0357517571, 978-0357517574
