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Chapter 9, Problem 16P
Summary Introduction

To determine: The estimated share price.

Introduction:

Stock valuation of a constant growth:

It is a method of calculating a company’s stock value; the valuation of a stock can be done based on the present value of the future cash flow or earnings on a constant growth.

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Chapter 9 Solutions

Corporate Finance Plus MyLab Finance with Pearson eText -- Access Card Package (4th Edition) (Berk, DeMarzo & Harford, The Corporate Finance Series)

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