Heard, Inc., just paid a dividend of $1.75 per share on its stock. The dividends are expected
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Heard, Inc., just paid a dividend of $1.75 per share on its stock. The dividends are expected to grow at a constant rate of 6 percent per year, indefinitely. If investors require a 12 percent return on Heard stock, what is the current price? What will the price be in three years? In 15 years?
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780072553079
6th Edition
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
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