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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Assume Silvio's Steakhouse pays the dividend of$4.02this year. For the next 30 years, the firm's dividend will grow by4.5%, then it will grow by3.5%each year afterwards. The required rate of return for the firm's industry is9.7%. What is the present value of the firm's stock under the Dividend Discount Model? $77.60 $61.97 $65.92 $82.75
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