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26 Nov 2019
General Importers announced that it will pay a dividend of $4.05per share one year from today. After that, the company expects aslowdown in its business and will not pay a dividend for the next 5years. Then, 7 years from today, the company will begin paying anannual dividend of $2.15 forever. The required return is 12.2percent. What is the price of the stock today?
$12.44
$13.52
$11.48
$17.62
$3.61
General Importers announced that it will pay a dividend of $4.05per share one year from today. After that, the company expects aslowdown in its business and will not pay a dividend for the next 5years. Then, 7 years from today, the company will begin paying anannual dividend of $2.15 forever. The required return is 12.2percent. What is the price of the stock today?
$12.44 | ||
$13.52 | ||
$11.48 | ||
$17.62 | ||
$3.61 |
6 Feb 2023
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