Question
Suppose a companys expected dividends are $1.18, $2.44, and $3.49 for the next three years and are expected to grow at a constant rate of
Suppose a companys expected dividends are $1.18, $2.44, and $3.49 for the next three years and are expected to grow at a constant rate of 2.31% per year thereafter.
What should the current value of the stock if the required rate of return is 9.47%?
Round your answer to 2 decimal places.
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An Introduction To Real Estate Finance
Authors: Edward Glickman
1st Edition
0123786266, 9780123786265
