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What is the price of a constant growth stock at year 2 ( P2 ) that has a year 3 dividend ( D3 ) of
What is the price of a constant growth stock at year 2 (P2) that has a year 3 dividend (D3) of$4, a growth rate (g) of 3%, and a rate of return (rS) of 13%?
A)$50
B)$40
C)$30
D) $60
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Derivatives Markets
Authors: Rober L. Macdonald
4th edition
321543084, 978-0321543080
