4. You have a stock which pays a $1.45 dividend which is expected to grow at 15%...
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4. You have a stock which pays a $1.45 dividend which is expected to grow at 15% for the next five years, then at a constant 6% into the future, the discount rate is 11%. (Round Up, Two Decimals)
Answer is a. $44.77
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Related Book For
Financial Reporting Financial Statement Analysis and Valuation
ISBN: 978-0324302950
6th edition
Authors: Clyde P. Stickney
Posted Date: