Multiple Choice
Suppose the current dividend for a stock is $0.42 and is expected to grow 20% annually for the next three years and then 6% annually for the foreseeable future. What will the dividend be four years from today?
A) $0.42
B) $0.77
C) $0.73
D) cannot determine without a discount rate
Correct Answer:
Verified
Correct Answer:
Verified
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