Blue Hens Inc. just paid $10 dividend per share yesterday. For the next 5 years, the dividend
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Blue Hens Inc. just paid $10 dividend per share yesterday. For the next 5 years, the dividend will grow by 10% a year. After year 5, the dividend growth rate will slow down to 5% a year forever. The discount rate is 15%. What is Blue Hens Inc.'s stock price today?
Related Book For
Intermediate Financial Management
ISBN: 9781337395083
13th Edition
Authors: Eugene F. Brigham, Phillip R. Daves
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