Arizona State University FIN FIN 40628 A share of stock pays a constantly growing (end-of-the-year) dividend. If the stocksells for $87.13/share today, the dividend yield is 6.93%, and the…
If the stock sells for $87.13/share today, the dividend yield is 6.93%, and the total return required by investors (in the stock) is -2.15%, at what price should each share sell in exactly 6 years (at t=6).
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