Question
Waste Management (WM) just paid a $2.47 dividend, and it is expected to grow at 7.85% for the next 4 years. After 4 years the
Waste Management (WM) just paid a $2.47 dividend, and it is expected to grow at 7.85% for the next 4 years. After 4 years the dividend is expected to grow at the rate of 6.25% indefinitely. If the required return is 8.15%, the value of the stock is closest to
A.$198.73.
B.$173.14.
C.$146.41.
D.$108.63.
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Health Care Finance Basic Tools For Nonfinancial Managers
Authors: Judith J. Baker, R.W. Baker
4th Edition
1284029867, 978-1284029864
