Suppose you expect a stock's dividend to grow at 18 percentayear for the next three years and 12 percent thereafter. The current dividend is $4.
Suppose you expect a stock's dividend to grow at 18 percentayear for the next three years and 12 percent thereafter. The current dividend is $4. What is the maximum price that you would be willing to pay for this security if you require a 14 percent rate of return?
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Authors: William Brueggeman, Jeffrey Fisher
16th Edition
1259919684, 978-1259919688
