Question
The sports club plans to pay an annual dividend of $1.20 per share next year, $1.00 per share a year for the following two years,
The sports club plans to pay an annual dividend of $1.20 per share next year, $1.00 per share a year for the following two years, and then cease paying dividends altogether. How much is one share of its stock worth to you today if you require a 19 percent rate of return?
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Practical financial management
Authors: William r. Lasher
5th Edition
0324422636, 978-0324422634
