Question
The Lashgari Company paid this year a dividend of $1 per share (this is DO), and that dividend is expected to grow at a
The Lashgari Company paid this year a dividend of $1 per share (this is DO), and that dividend is expected to grow at a constant rate of 5% per year in the future. The company's beta is 1.2, the market risk premium is 5%, and the risk-free rate is 3%. What is the company's current stock price?
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
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