Question
What is the price of a share of stock if the beta is1.5, its next dividend is projected to be $3.50 , and its growth
What is the price of a share of stock if the beta is1.5, its next dividend is projected to be $3.50, and its growth rate is expected to be a constant 7 %, assuming the market return is 17 % and therisk-free rate is 6 %?
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
8th edition
013342362X, 978-0133423624
