Question
You are interested in buying the stock of a company. You expect the following annual dividends for the firm over the next three years: $1.49,
You are interested in buying the stock of a company. You expect the following annual dividends for the firm over the next three years: $1.49, $2.61, $4.77. After the third payment you expect the firm's growth rate to level of to 2.9% annually. If the discount rate for the firm is 0.104 what is the fair price of the stock?
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Property Finance
Authors: David Isaac
2nd Edition
0333987144, 978-0333987148
