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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Winter in Boston, Inc. just paid a dividend of $2 per share. It expects to earn $6 per share next year. The required rate of return on the stock is 12 percent and its dividends are growing at a constant rate of 8 percent per year. Calculate the present value of growth opportunities for the stock (PVGO).

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