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You plan to buy a dividend-paying stock with no growth rate. The most recent dividend paid by the stock is $3.23, and the market is
You plan to buy a dividend-paying stock with no growth rate. The most recent dividend paid by the stock is $3.23, and the market is using a discount rate of 15% to price the stock. If, after one year, the discount rate remains unchanged.
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If the stock has no growth rate and is paying a constant dividend the dollar return on you...
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Equity Asset Valuation
Authors: Jerald E. Pinto, Elaine Henry, Thomas R. Robinson, John D. Stowe, Abby Cohen
2nd Edition
470571439, 470571438, 9781118364123 , 978-0470571439
