Lousier Co currently pays no dividend but is expected to pay its first annual dividend of $3.70
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Question:
- Lousier Co currently pays no dividend but is expected to pay its first annual dividend of $3.70 per share exactly 9 years from today. After that, the dividends are expected to grow it 3.1 percent forever.
- If the required return is 10.9 percent, what is the price of the stock today?
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780135811603
5th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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