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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Essentials Of Health Care Finance
Authors: William O. Cleverley, James O. Cleverley, Paula H. Song
7th Edition
0763789291, 978-0763789299
