Question
The required rate of return is 23.60 percent. Ninex Corp. has just paid a dividend of $3.12 and is expected to increase its dividend at
The required rate of return is 23.60 percent. Ninex Corp. has just paid a dividend of $3.12 and is expected to increase its dividend at a constant rate of 6.95 percent. What is the expected price of the stock three years from now?(Round answer to 2 decimal places, e.g. 15.20.)
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Investments Analysis and Management
Authors: Charles P. Jones
12th edition
978-1118475904, 1118475909, 1118363299, 978-1118363294
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