SBK Corp has never paid a dividend. Today the management team announced that they expect to pay
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SBK Corp has never paid a dividend. Today the management team announced that they expect to pay their first dividend of $10.00 in exactly 3 years. From then, dividends will grow at an average rate of 3%. What is one share worth today if investors require a 13% return?
Related Book For
Intermediate Financial Management
ISBN: 978-1285850030
12th edition
Authors: Eugene F. Brigham, Phillip R. Daves
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