Taylor Corp. is growing quickly. Dividends are expected to grow at a 30 percent rate for the
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If the required return is 13 percent and the company just paid a $2.75 dividend, what is the current share price?
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P 3 D 3 1 g R g D 0 1 g 1 3 1 g 2 R g P 3 275 130 3 106 13 06 P 3 640425507 P ...View the full answer
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Related Book For
Fundamentals of corporate finance
ISBN: 978-0073382395
9th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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