Question
Wasabi Inc. just paid its annual dividend of $1.5/share. The dividend is expected to grow by 5.4% per year in the next 3 years and
Wasabi Inc. just paid its annual dividend of $1.5/share. The dividend is expected to grow by 5.4% per year in the next 3 years and 3.8% thereafter. Wasabi's stock has a beta of 1.3. The risk-free rate is 4.7% and the market return is 11%. What is the value of a share of Wasabi stock today?
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Investments An Introduction
Authors: Herbert B Mayo
9th Edition
324561385, 978-0324561388
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