Question
XYZ, Inc. is expected to pay a dividend of $8.59. The dividends are expected to grow at 6.82% each year forever. The required rate of
XYZ, Inc. is expected to pay a dividend of $8.59. The dividends are expected to grow at 6.82% each year forever. The required rate of return on the stock is 12.3%. What is today's price of the stock? Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.
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The Handbook Of News Analytics In Finance
Authors: Gautam Mitra, Leela Mitra
1st Edition
047066679X, 978-0470666791
