A stock with a required return of 19.6% has just announced that it will make its first
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A stock with a required return of 19.6% has just announced that it will make its first dividend payment of $2 per share in four years. Afterward they plan to increase the dividend payment by 8% per year. What should be the current price of this stock?
Related Book For
Contemporary Financial Management
ISBN: 9780324289114
10th Edition
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
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