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The Pancake Corporation recently paid a $3 dividend and is expected to grow at 5% forever. Investors generally require an expected return of at least
The Pancake Corporation recently paid a $3 dividend and is expected to grow at 5% forever. Investors generally require an expected return of at least 9% before they'll buy stocks similar to those of Pancake. a. What is Pancake's intrinsic value? b. Is it a bargain if it's selling at $76 a share
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Computational Finance Using C And C #
Authors: George Levy DPhil University Of Oxford
1st Edition
0750669195, 978-0750669191
