Question
The dividend expected from Morris Inc. for this year is $5. If the dividends are expected to grow at the rate of 6% per year
The dividend expected from Morris Inc. for this year is $5. If the dividends are expected to grow at the rate of 6% per year forever and the required rate of return on Morris stock is 25%, what must be the
a. value of its stock a year from now, after the dividend for the first year is paid?
b. value of the stock now?
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Finance Accumulation And Monetary Power
Authors: Daniel Woodley
1st Edition
0367338556, 978-0367338558
