Financial Management?

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Financial Management?

The Connors Company's last dividend was $1.00. Its dividend growth rate is expected to be constant at 15% for 2 years, after which dividends are expected to grow at a rate of 10% forever. Connors’ required return (rs) is 12%. What is Connors’ current stock

2007-06-25 08:45:07 · 2 answers · asked by Anonymous in Business & Finance ➔ Corporations

2 answers

Does Conners distribute all on its profits? If so the stated information would indicate a stock price of $8.33.

2007-06-25 08:55:50 · answer #1 · answered by RunningUte 3 · 0⤊ 0⤋

Something seems to be missing here.

2007-06-25 15:48:48 · answer #2 · answered by cattbarf 7 · 0⤊ 0⤋