Question
Summit Systems will pay a dividend of $1.42 one year from now. If you expect Summit's dividend to grow by 5.6% per year, what is
Summit Systems will pay a dividend of $1.42 one year from now. If you expect Summit's dividend to grow by 5.6% per year, what is its price per share if its equity cost of capital is 10.3%?
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International Financial Management
Authors: Geert Bekaert, Robert Hodrick
3rd edition
1107111820, 110711182X, 978-1107111820
