Question
What would be the price of a stock that pays an annual fixed dividend of $1.0 for ten years, and then the dividend payment increases
What would be the price of a stock that pays an annual fixed dividend of $1.0 for ten years, and then the dividend payment increases by 1% every year, and the required rate of return is 5% annual?
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Contemporary Engineering Economics
Authors: Chan S. Park
5th edition
136118488, 978-8120342095, 8120342097, 978-0136118480
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