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QUESTION
Walter company currently earns $3 per share and pays $1 in dividends. The dividend is expected to double in 9 years and also grow at that rate beyond...
Walter company currently earns $3 per share and pays $1 in dividends. The dividend is expected to double in 9 years and also grow at that rate beyond that time.The required rate of return is 15%. The estimated stock price is
a. $15.42
b. $6.66
c. $14.29
d. none of the above
