Question
The last dividend paid by Abbot Company was $3.29. Dividends are expected to grow at 15% for the next 2 years, then grow at a
The last dividend paid by Abbot Company was $3.29. Dividends are expected to grow at 15% for the next 2 years, then grow at a constant 4% indefinitely. If the required return is 6%, what should be the current stock price?
A. 198.56
B. 199.90
C. 204.32
D. 208.80
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Financial Markets And Institutions
Authors: Jeff Madura
5th Edition
0324027443, 9780324027440
