Question
Sun Investment Inc. current stock price is $450 and its last dividend was $8.00. In view of Suns strong financial position and its consequent low
Sun Investment Inc. current stock price is $450 and its last dividend was $8.00. In view of Suns strong financial position and its consequent low risk, its required rate of return is 6%. If dividends are expected to grow at a constant rate, g, in the future and r is expected to remain at 6%, what do you forecast Suns stock price to be 2 years from now? USE AT LEAST 4 DECIMAL PLACES
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Technical Analysis Of Stock Trends
Authors: Robert D. Edwards, John Magee, W.H.C. Bassetti
11th Edition
1032241829, 978-1032241821
