You are considering an investment in Longfellow stock, which is expected to pay a dividend of $2.50
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Question:
You are considering an investment in Longfellow stock, which is expected to pay a dividend of $2.50 a share one year from now. Assume you require a return of 15.5% on this investment and the stock currently trades at $20 per share. What is the constant growth rate
Expert Answer:
The constant growth rate g can be calculated using the Gordon Growth Model GGM formu... View the full answer
Related Book For 
Fundamentals of Financial Management
ISBN: 978-0324664553
Concise 6th Edition
Authors: Eugene F. Brigham, Joel F. Houston
Posted Date:
