Question
The RLX Company just paid a dividend of $3.00 per share on its stock. The dividends are expected to grow at a constant rate of
The RLX Company just paid a dividend of $3.00 per share on its stock. The dividends are expected to grow at a constant rate of 5.25 percent per year, indefinitely. Assume investors require a return of 12 percent on this stock.
- What is the current price?
- What will the price be in four years and in sixteen years?
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The Oxford Handbook Of Pricing Management
Authors: Ozalp Ozer, Robert Phillips
1st Edition
0199543178, 978-0199543175
