Question
The ABC Co. just paid a dividend of $3.4 per share on its stock. The dividends are expected to grow at a constant rate of
The ABC Co. just paid a dividend of $3.4 per share on its stock. The dividends are expected to grow at a constant rate of 8.7% per year indefinitely. If investors require a 9.7% return on The ABC Co. stock, answer the following: (Do not round intermediate calculations. Round the final answers to 2 decimal places. Omit $ sign in your response.) What will the price be in 11 years?
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Financial Cryptography 1st Edition 6th International Conference FC 2002 Southampton Bermuda March 11-14 2002 Revised Papers
Authors: Matt Blaze
1st Edition
354000646X, 9783540006466
