Jim Ltd.'s next dividend will be $4, the dividend is expected to grow at 7% p.a., fo
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Question:
Jim Ltd.'s next dividend will be $4, the dividend is expected to grow at 7% p.a., fo 3 years. After that the growth rate in dividends will be 5% per year indefinitely. Required rate of return is 10% p.a.
Required:
Calculate the current value of Jim Ltd.'s shares.
Related Book For
Financial Management Theory and Practice
ISBN: 978-1305632295
15th edition
Authors: Eugene F. Brigham, Michael C. Ehrhardt
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