Question
Williams Inc. is expected to pay a $3 dividend next year and that dividend is expected to grow at 2.8% every year thereafter. If the
Williams Inc. is expected to pay a $3 dividend next year and that dividend is expected to grow at 2.8% every year thereafter. If the discount rate is 9.5%, what would be the present value of the expected dividend stream (aka the expected price of the firm's stock)?Answer to 2 decimal places.
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
3rd Canadian Edition
978-0133035575, 133035573, 978-0133970524, 133970523, 978-0134040042
