Pensky Ltd, has just recently paid a dividend of $4.60. Dividends are predicted to grow by 10%

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Pensky Ltd, has just recently paid a dividend of $4.60. Dividends are predicted to grow by 10% each year. The required return on similar companies in this industry is 26.00%. Calculate:

a) Pensky's current share price.

b) Pensky's share price in five years' time

Related Book For answer-question

Advanced Accounting

ISBN: 978-1118037911

1st Canadian Edition

Authors: Gail Fayerman

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Posted Date: Dec 16, 2023 12:51 AM

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Pensky Ltd, has just recently paid a dividend of $4.60. Dividends are predicted to grow by 10%

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Pensky Ltd Share Price Calculation a Penskys current share price Using the Gordon Growth Modelwe can ... View the full answer

Advanced Accounting

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