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The dividend will be $1.00 next year (D1), $1.06 year 2 (D2), and will grow 4% in year 3 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 3 and every year thereafter (constant growth). |
| The cost of equity is 10%. Calculate the stock price today. |
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Introductory Econometrics For Finance
Authors: Chris Brooks
4th Edition
110843682X, 9781108436823
