Question
The market expects 14.1 percent returns from the ordinary shares of ENT Ltd, which has just declared a dividend of $4.72 per share. It is
The market expects 14.1 percent returns from the ordinary shares of ENT Ltd, which has just declared a dividend of $4.72 per share. It is anticipated that the earnings and dividends of ENT Ltd share will grow at 16 percent for the next 3 years before settling down to a constant 3.4% growth rate. What price is expected for ENT share by the investors?
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Contemporary Financial Management
Authors: R. Charles Moyer, William J. Kretlow, James R. Mcguigan
7th Edition
0538877766, 9780538877763
