Question
The Oxford Heating Company has been very successful in the past four years. Over these years, it paid common stock dividend of $4 in the
The Oxford Heating Company has been very successful in the past four years. Over these
years, it paid common stock dividend of $4 in the first year, $4.20 in the second year, $4.41 in the
third year, and its most recent dividend was $4.63. The company wishes to continue this dividend
growth indefinitely. What is the value of the company's stock if the required rate of return is 12
percent?
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
1292016922, 978-1292016924
