Question
The dividend for Annens ordinary shares is expected to be $1.20 next year. This dividend is expected to grow at a rate of 6% for
The dividend for Annens ordinary shares is expected to be $1.20 next year. This dividend is expected to grow at a rate of 6% for the following two years, after which is expected to grow at 4% each year for the foreseeable future. If the required rate of return on these shares is 12%, what is the approximate current value of the firms shares?
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Holding The Fort
Authors: Mr. Robert L. Kelly
1st Edition
0999200003, 978-0999200001
