A stock will pay a dividend of $1 next quarter, growing at 2% per quarter for ten

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A stock will pay a dividend of $1 next quarter, growing at 2% per quarter for ten years, after which the dividend will stay constant forever. What is the present value of this stock at a 2.5% discount rate?

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Foundations of Financial Management

ISBN: 978-1259194078

15th edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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Posted Date: Feb 07, 2021 08:31 PM

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A stock will pay a dividend of $1 next quarter, growing at 2% per quarter for ten

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Foundations of Financial Management

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