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QUESTION
Bondi Company is expected to pay a quarterly dividend of $0.45 for the next five years. If the current price of Bondi stock is $17.
Bondi Company is expected to pay a quarterly dividend of $0.45 for the next five years. If the current price of Bondi stock is $17.62, and Bondi's equity cost of capital is 12% per year, what price would you expectBondi's stock to sell for at the end of the five years?
