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28 Sep 2019
Sea Side, Inc., just paid a dividend of $2.08 per share on its stock. The growth rate in dividends is expected to be a constant 6.2 percent per year indefinitely. Investors require a 16 percent return on the stock for the first three years, then a 11 percent return for the next three years, and then a 9 percent return thereafter. What is the current share price?
Sea Side, Inc., just paid a dividend of $2.08 per share on its stock. The growth rate in dividends is expected to be a constant 6.2 percent per year indefinitely. Investors require a 16 percent return on the stock for the first three years, then a 11 percent return for the next three years, and then a 9 percent return thereafter. What is the current share price?
9 Feb 2023
Deanna HettingerLv2
28 Sep 2019
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