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Hali’s current stock price is $36.00, its last dividend was $2.40, and its required rate of...

Hali’s current stock price is $36.00, its last dividend was $2.40, and its required rate of return is 12%. If dividends are expected to grow at a constant rate, g, in the future, and if the required rate of return is expected to remain at 12%, what is Hali’s expected stock price 5 years from now?

Find out:

a) The constant growth rate

b) Expected stock price 5 years from now

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jeff jeffy answered 4 months ago
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