Question
The Ramirez Company's last dividend was $1.75. Its dividend growth rate is expected to be constant at 21% for 2 years, after which dividends are
The Ramirez Company's last dividend was $1.75. Its dividend growth rate is expected to be constant at 21% for 2 years, after which dividends are expected to grow at a rate of 6% forever. Its required return is 12%. What is the current stock price of Ramirez? ($39.34 or $40.02 ?)
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
3rd Canadian Edition
978-0133035575, 133035573, 978-0133970524, 133970523, 978-0134040042
