Question
Using your original cost of equity (11.2%), if the company announced a new product that was going to revolutionize its industry and its growth rate
Using your original cost of equity (11.2%), if the company announced a new product that was going to revolutionize its industry and its growth rate over years 1-6 was going to increase to 20% per year, what would you project the stock price to be?
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Financial Management for Public, Health and Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
5th edition
1506326846, 9781506326863, 1506326862, 978-1506326849
