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Use Gordon formula to calculate the price of the stock. ITC company expected to pay dividend of $4 and growth

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Use Gordon formula to calculate the price of the stock. ITC company expected to pay dividend of $4 and growth rate of 3% per year is constant forever. Required return is 8%.

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Gordon formula P D1 r g where P current st View the full answer


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Investments Analysis and Management

Investments Analysis and Management

ISBN: 978-1118363294

12th edition

Authors: Charles P. Jones

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Posted Date: April 10, 2023 05:04:32
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