Company's next dividend of $4.00 will be paid next year. Dividends are expected to grow by 6%
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Company's next dividend of $4.00 will be paid next year. Dividends are expected to grow by 6% per year indefinitely. If the required return on Company stock is 16%, what do we expect the market price of Company's stock to be in 4 years?
Related Book For
Financial management theory and practice
ISBN: 978-1439078099
13th edition
Authors: Eugene F. Brigham and Michael C. Ehrhardt
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