Company Rich pays $2 in dividends annually and estimates that they will pay the dividends indefinitely. This
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Company "Rich" pays $2 in dividends annually and estimates that they will pay the dividends indefinitely. This dividend is expected to grow at the rate of 2% per year. How much are investors willing to pay for the dividend with a required rate of return of 6%?
Related Book For
Financial management theory and practice
ISBN: 978-1439078099
13th edition
Authors: Eugene F. Brigham and Michael C. Ehrhardt
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