A share will pay a dividend of $3.2 next year. The dividend will then grow at the
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A share will pay a dividend of $3.2 next year. The dividend will then grow at the rate of 4.6% for one year, and will then grow at the rate of 2.4% p.a. forever, If the required rate of return is 7% p.a., what is the value of the share?
Related Book For
Essentials of Statistics for the Behavioral Sciences
ISBN: 978-1285056340
8th Edition
Authors: Frederick J Gravetter, Larry B. Wallnau
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