Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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A company has just paid an annual dividend of 15 cents per share and that dividend is expected to grow at a rate of 20% per annum for the next 3 years and at a rate of 5% per annum forever after that. Assuming a required rate of return of 10%, calculate the current market price of the share

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