CORPORATE FINANCE (LL+CONNECT)
CORPORATE FINANCE (LL+CONNECT)
12th Edition
ISBN: 9781266427404
Author: Ross
Publisher: MCG CUSTOM
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Chapter 9, Problem 22QAP

Finding the Dividend Newkirk, Inc., is expected to pay equal dividends at the end of each of the next two years. Thereafter, the dividend will grow at a constant annual rate of 3.5 percent, forever. The current stock price is $ 59 . What is next year’s dividend payment if the required rate of return is 11 percent?

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CORPORATE FINANCE (LL+CONNECT)

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