Through The Glass Corp. is growing quickly. Dividends are expected to grow at a 20 percent rate
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Through The Glass Corp. is growing quickly. Dividends are expected to grow at a 20 percent rate for the next three years, with the growth rate falling off to a constant 6 percent thereafter. If the required return is 13 percent and the company just paid a $3.05 dividend, what is the current share price?
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With supernormal dividends we find the price of the stock when the divide...View the full answer
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Related Book For
Essentials Of Corporate Finance
ISBN: 9780073405131
6th Edition
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
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