Question
The company pays a 6% dividend in 2020. This dividend will increase by 45% to 7 cents in 2021 and then the divided will be
The company pays a 6% dividend in 2020. This dividend will increase by 45% to 7 cents in 2021 and then the divided will be 10 cents in 2022. Following 2022 the annual dividend will continue to increase at a rate of 5% forever. Use a 9 percent required return, what is the price of one share today in 2019?
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Financial Analysis With Microsoft Excel 2016
Authors: Timothy R. Mayes, Todd M. Shank
8th Edition
1337298042, 9781337298049
