Question
The next dividend for ABC Corp. is expected to be $ 1.01. It will rise to $ 2.03 the next year and grow at a
The next dividend for ABC Corp. is expected to be $ 1.01. It will rise to $ 2.03 the next year and grow at a constant 5.6 % from then on. The required return is 12.1 %.
What is the current price of the stock? The price per share is? round to nearest cent.
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Fundamentals Of Corporate Finance
Authors: Berk, Peter DeMarzo, Jarrad Harford
3rd Global Edition
1292018402, 9781292018409
