The Edgar Corporation currently pays a dividend of $2.00 per share. This dividend is expected to grow
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Question:
The Edgar Corporation currently pays a dividend of $2.00 per share. This dividend is expected to grow at a 20 percent annual rate over the next three years and then grow at 6 percent per year for the foreseeable future. What would you pay for a share of this stock if you demand a 20 percent rate of return?
Related Book For
Contemporary Financial Management
ISBN: 9780324289114
10th Edition
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
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