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The next dividend for the Fudge Company is expected to be $0.50. The next year it is expected to grow by 100%. The year after
The next dividend for the Fudge Company is expected to be $0.50. The next year it is expected to grow by 100%. The year after that it is expected to grow by 50%. Then the dividends are expected to grow at a constant 5% forever. If the required return on Fudge Company is 10%, what is a share of Fudge Company worth?
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A Course In Derivative Securities
Authors: Kerry Back
2005th Edition
3540253734, 978-3540253730
