Question
You find a stock that just paid a dividend of $2.20 that is expected to grow at 35% per year for the next three years,
You find a stock that just paid a dividend of $2.20 that is expected to grow at 35% per year for the next three years, then at a constant rate of 6%. If you require a return of 11%, what is the most you would be willing to pay for the stock today?
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A. $107.26
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B. $93.79
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C. $116.75
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D. $114.75
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Reading Between The Lines Of Corporate Financial Reports In Search Of Financial Misstatements
Authors: Jacek Welc
1st Edition
3030610403, 9783030610401
