You are considering investing in a stock that currently trades at $50 per share and pays an
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You are considering investing in a stock that currently trades at $50 per share and pays an annual dividend of $2. The stock is expected to grow at a constant rate of 7% per year. What will be the value of the stock in 5 years if you reinvest the dividends?
Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1305637108
6th edition
Authors: Michael C. Ehrhardt, Eugene F. Brigham
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