Question
Stock A just paid a dividend of $1.4. The dividend is expected to grow at a fixed rate of 1.4% and last forever. What is
Stock A just paid a dividend of $1.4. The dividend is expected to grow at a fixed rate of 1.4% and last forever. What is the price of stock A if the discount is 9.2%? (Keep two decimal places)
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Investment Science
Authors: David G. Luenberger
1st International Edition
0195391063, 9780195391060
