Question

Julie's X-Ray Company paid $2.00 per share in common stock dividends last year. The company's policy is to allow its dividend to grow at 5 percent for 4 year and then the rate of growth changes to 3 percent per year from year 5 and on. What is the value of the stock if the required rate of return is 8 percent.

Jul 10, 2010

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Oct 28, 2018

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Oct 28, 2018

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Dec 19, 2020

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