2. Sales of printed media have declined during COVID 19. Analysists predict that earnings (and dividends) will see growth in this industry, reduced to 5% annually, for the foreseeable future. Shareholders require an 11% annual return and the company just paid a $2.00 annual dividend. What will the price of the company’s stock in 3 years?
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Answer rating: 100% (QA)

To calculate the price of the companys stock in 3 years we can use the Gordon Growth Mo... View the full answer