Question
You are considering the purchase of a common stock that paid a dividend of $1.00 yesterday. You expect this stock to have a long-run growth
You are considering the purchase of a common stock that paid a dividend of $1.00 yesterday. You expect this stock to have a long-run growth rate of 8 percent. If you require a 12 percent rate of return, how much should you be willing to pay for this stock?
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Financial Trading And Investing
Authors: John Teall
3rd Edition
0323909558, 978-0323909556
