Question
Smith will pay no dividends for the next 10 years. 11 years from now it will pay $14.75 as dividend and it will increase by
Smith will pay no dividends for the next 10 years. 11 years from now it will pay $14.75 as dividend and it will increase by 5.25% per year forever. Required rate of return 13.25%. What is the price of the stock today?
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Handbook Of Asset And Liability Management Volume 2
Authors: S. A. Zenios, W. T. Ziemba
1st Edition
0444528024, 978-0444528025
