Ghost Ltd has just paid a $4 dividend. The dividend is expected to grow at 12% for
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Question:
Ghost Ltd has just paid a $4 dividend. The dividend is expected to grow at 12% for the next 4 years.
After that, the grow rate will be 4% indefinitely. If the required return is 16%, find the current value of the share.
Related Book For
Financial Management Theory and Practice
ISBN: 978-1305632295
15th edition
Authors: Eugene F. Brigham, Michael C. Ehrhardt
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