A firm will pay a dividend of $4.83 next year. The dividend is expected to grow at

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A firm will pay a dividend of $4.83 next year. The dividend is expected to grow at a constant rate of 4.92% forever and the required rate of return is 10.69%. What is the value of the stock?

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Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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Posted Date: May 17, 2022 02:37 AM

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A firm will pay a dividend of $4.83 next year. The dividend is expected to grow at

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Fundamentals of corporate finance

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