Question
River Rock INC. just paid a divident of 2.60. The company has increased its dividend by 2.8% a year for the past 10 years and
River Rock INC. just paid a divident of 2.60. The company has increased its dividend by 2.8% a year for the past 10 years and expects to continue doing so. What will a share of this stock be worth 6 years from now if the required return rate is 15 percent? A. 23.89 B. 24.65 C. 25.15 D. 25.86 E. 26.90
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Peggy L. Hedges, Philip Chang, Keith C. Brown, Hedges Reilly Brown
1st Canadian Edition
0176500693, 978-0176500696
