A company just paid an annual dividend of $ 0 . 4 1 . Dividends are expected
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Question:
A company just paid an annual dividend of $ Dividends are expected to grow by in year, in the second year, and in the third year. After that, dividends are expected to continue to grow at an annual rate of indefinitely.
If the market's required rate of return on this stock is per year. What is the current price per share?
Keep AT LEAST decimal place on ALL intermediate steps. Round your final answer to decimal places, expressed in dollars and cents ie $
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0133400694
1st canadian edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford, David A. Stangeland, Andras Marosi
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