New Horizon Company has just paid $.50 dividend payment and due to its very promising. Projects the

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New Horizon Company has just paid $.50 dividend payment and due to its very promising. Projects the company announced that dividend payments will grow at a rate of 18% indefinitely.

What is the stock price in four years from now if cost of equity is 20%?

Related Book For answer-question

Corporate Finance A Focused Approach

ISBN: 978-1305637108

6th edition

Authors: Michael C. Ehrhardt, Eugene F. Brigham

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Posted Date: Jun 16, 2023 02:56 AM

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New Horizon Company has just paid $.50 dividend payment and due to its very promising. Projects the

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To calculate the stock price in four years from now we can use the Gordon Growth Model ... View the full answer

Corporate Finance A Focused Approach

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