The Danbury Corporation stock is expected to have a dividend next year of $1.7 ( that's one year from today!!! ) and have a growth
The Danbury Corporation stock is expected to have a dividend next year of $1.7 (that's one year from today!!!) and have a growth rate of dividends of 11% between that point and two years from today. But thereafter it settles down to a constant growth rate of 4% into the future. If such stocks are expected to have a rate of return of 8% what should be the price of Danbury Corporation stock?
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Authors: Bruce Tuckman, Angel Serrat
3rd Edition
0470891696, 978-0470891698
