stock currently sells for $20 a share. The stock just paid a dividend of $1.00 a share (D0 = $1.00). The dividend is expected to
stock currently sells for $20 a share. The stock just paid a dividend of $1.00 a share (D0 = $1.00). The dividend is expected to grow at a constant rate of 10% a year. What stock price is expected 1-year from now? What is the required rate of return on the company's stock?
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Authors: J. Chris Leach, Ronald W. Melicher
2nd Edition
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