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What is the best estimate of the current stock price?

16 / 01 / 2019 Research Papers

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finance 1 answer below » The Ackert Company’s last dividend was $1.55. The dividend growth rate is expected to be constant at 1.5% for 2 years, after which dividends are expected to
grow at a rate of 8.0% forever. The firm’s required return (rs) is 12.0%. What is the best estimate of the current stock price? PLS SHOW SOLUTION a.37.05 b.38.16 c.39.30 d.40.48 e.41.70 Jan 10 2014 10:59 PM


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