Question
The Socit Vieux Machins has been around for a long time. It just paid an annual dividend of $ 9 per common share. The management
The Socit Vieux Machins has been around for a long time. It just paid an annual dividend of $ 9 per common share. The management of the company plans to reduce its dividends by 8% per year, indefinitely. If you demand a rate of 14% for an investment like this, what price should you pay today for the stock:
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Introduction To Estimating Economic Models
Authors: Atsushi Maki
1st Edition
0415589878, 978-0415589871
