A stock currently pays a 5-dollar dividend. Dividends are expected to grow at 10 percent. The required
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A stock currently pays a 5-dollar dividend. Dividends are expected to grow at 10 percent. The required return on the stock is 20%. What is the fair value of this stock based on the constant growth model?
Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1305637108
6th edition
Authors: Michael C. Ehrhardt, Eugene F. Brigham
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