Question
The Herjavec Co. just paid a dividend of $1.30 per share on its stock. The dividends are expected to grow at a constant rate of
The Herjavec Co. just paid a dividend of $1.30 per share on its stock. The dividends are expected to grow at a constant rate of 4 percent per year indefinitely. Investors require a return of 14 percent on the company's stock. What will the stock price be in three years?
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Fundamentals Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
13th Edition
1265553602, 978-1265553609
