It did not give any dividend in the first two years, The first cash dividend of 6

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It did not give any dividend in the first two years, The first cash dividend of 6 dollars per share were given on January 1, 2022 The company has a policy of giving dividend annually with a constant growth rate of 2 afterwards. What should the stock price be on January 1, 2020 and January 1, 2022, assuming the required rate of return is 10?

Posted Date: Nov 17, 2021 09:52 PM

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It did not give any dividend in the first two years, The first cash dividend of 6

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The stock price should be 60 ... View the full answer

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