Question
Your company will pay a dividend of $1.80 next year and then have it grow annually at 10.50% for the following 3 years before growing
Your company will pay a dividend of $1.80 next year and then have it grow annually at 10.50% for the following 3 years before growing at 2% indefinitely thereafter. The equity has a required return of 6.75%. What is the price of the stock today?
$47.27
$48.45
$49.63
$50.81
$52.00
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Get StartedRecommended Textbook for
Entrepreneurial Finance
Authors: J . chris leach, Ronald w. melicher
4th edition
538478152, 978-0538478151
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