Question
The dividend will be $1.00 next year (D1), $1.06 year 2 (D2), and will grow 4% in year 4 and every year thereafter (constant growth).
The dividend will be $1.00 next year (D1), $1.06 year 2 (D2), and will grow 4% in year 4 and every year thereafter (constant growth). The cost of equity is 10%.Calculate the stock price today.
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Accounting Information Systems
Authors: Cynthia D Heagy, Constance M Lehmann
7th Edition
1111219516, 978-1111219512
