Question
The Herjavec Co. just paid a dividend of 1.75 per share on its stock. the dividends are expected to grow at a constant rate of
The Herjavec Co. just paid a dividend of 1.75 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 on 11 percent on the company's stock.
1.) What is the current stock price? stock price in 3 years? in 18 years?
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
5th edition
321280299, 321280296, 978-0321280299
