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uincy Inc. expects to earn $10 per share next year. It just paid a dividend of $4 per share and expects to grow it at
uincy Inc. expects to earn $10 per share next year. It just paid a dividend of $4 per share and expects to grow it at a rate of 6% per year. The required rate of return for stocks of similar risk is 12%. Calculate the present value of growth opportunities for the stock (PVGO)
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Investment Science
Authors: David G. Luenberger
2nd Edition
0199740089, 978-0199740086
