Question
The Company expects to announce their annual dividend of $4.62 next year. The company promises to increase its dividends at 3.01% perpetually. For the first
The Company expects to announce their annual dividend of $4.62 next year. The company promises to increase its dividends at 3.01% perpetually. For the first two years interest rate is 16.54% and then 8.5% after year 2. What should the stock sell for today?
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
2nd Edition
0073530670, 9780073530673
