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Smith Construction, Inc. just paid a $1.25 dividend. The dividend is expected to grow by 3% each year for the next four years. After
Smith Construction, Inc. just paid a $1.25 dividend. The dividend is expected to grow by 3% each year for the next four years. After that the company will never pay another dividend ever again. If your required return on the stock investment is 8%, what should the stock sell for today?
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The present value of the dividend payments over the next four year...
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Financial Management Theory and Practice
Authors: Eugene F. Brigham, Michael C. Ehrhardt
15th edition
130563229X, 978-1305632301, 1305632303, 978-0357685877, 978-1305886902, 1305886909, 978-1305632295
