Since everyone wants a heated pool, Beltsville Quick Heat Pools has experienced very rapid growth in sales.
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Question:
Since everyone wants a heated pool, Beltsville Quick Heat Pools has experienced very rapid growth in sales. The company expects the dividend payment to grow by 8% for the next 2 years and then to level off to a constant 3% growth rate forever.
If investors require an 11% return and the most recent dividend was $1.10,
how much would you pay for a share of this stock today?
Related Book For
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
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