Question
The Ramirez Company's last dividend was $1.75.Its dividend growth rate is expected to be constant at 25% for 2 years, after which dividends are expected
The Ramirez Company's last dividend was $1.75.Its dividend growth rate is expected to be constant at 25% for 2 years, after which dividends are expected to grow at a rate of 6% forever.Its required return (rs) is 12%.What is the best estimate of the current stock price?
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Fundamentals of Multinational Finance
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
5th edition
205989756, 978-0205989751
