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Over the next 5 years, the dividend of a company is expected to
Over the next 5 years, the dividend of a company is expected to grow 15% per year.After that, the dividend growth of this company will decline to 4%. The company?s last paid dividend is 20p per share and the current stock price is 450p per share. If the required return is assumed to be at a constant of 10%, what is the present value of the price of the stock at the end of the initial growth period?
This question was answered on: Feb 21, 2020
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