EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN: 9781337514835
Author: MOYER
Publisher: CENGAGE LEARNING - CONSIGNMENT
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Long life floors is expected to pay an annual dividend of $3 a share and plans on increasing future dividends by 2 percent annually. The discount rate is 15 percent. What will the value of the stock be 5 years from today (in $-dollars)?
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