Question
Suppose Galloway, Inc. is expected to increase dividends by 20% in one year and by 10% in two years. After that, dividends will increase at
Suppose Galloway, Inc. is expected to increase dividends by 20% in one year and by 10% in two years. After that, dividends will increase at a rate of 5% per year indefinitely. If the first dividend just paid was $1 and the required return is 15%, what is the price of the stock?
| A. | $10.52 | |
| B. | $11.52 | |
| C. | $12.52 | |
| D. | $13.52 | |
| E. | $14.52 |
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Renewable Energy Finance Funding The Future Of Energy
Authors: Charles W Donovan
2nd Edition
1786348594, 9781786348593
