A stock has just declared an annual dividend of $2.45 to be paid one year from today.

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A stock has just declared an annual dividend of $2.45 to be paid one year from today. The dividend is expected to grow at a 7% annual rate. The return on equity for similar stocks is 14%. What is P ₀?

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Practical financial management

ISBN: 978-0324422634

5th Edition

Authors: William r. Lasher

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Posted Date: Feb 15, 2019 09:11 AM

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A stock has just declared an annual dividend of $2.45 to be paid one year from today.

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Practical financial management

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