Stocks are trading at 18.6X earnings. You expect earnings to grow 5.9% per year over the next
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Stocks are trading at 18.6X earnings. You expect earnings to grow 5.9% per year over the next five years. At the end of five years, you expect stocks to be trading at 20X earnings. The dividend yield should be 1.50% per year. If you invest in stocks, what will your compound annual growth rate be?
Related Book For
Valuation The Art and Science of Corporate Investment Decisions
ISBN: 978-0133479522
3rd edition
Authors: Sheridan Titman, John D. Martin
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