Question
What would be the approximate expected price of a stock when dividends are expected to grow at a 25% rate in each of years 2
What would be the approximate expected price of a stock when dividends are expected to grow at a 25% rate in each of years 2 and 3, and then grow at a constant rate of 5% if the stock's required return is 13% and next year's dividend will be $4.00?
| $67.60 | ||
| $62.08 | ||
| $68.64 | ||
| $76.44 |
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N Hyman
10th Edition
053875446X, 978-0538754460
