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The share dividend for PS company has grown at 10% per year for many years. Investors believe that a year from now the company will
The share dividend for PS company has grown at 10% per year for many years. Investors believe that a year from now the company will pay a dividend of $5 and that dividends will continue their 10% growth indefinitely. If the market's required return on PS equity is 15%, what do the shares sell for today? What will be the price immediately after the next dividend payment
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