note: please dont use excel.

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter8: Risk And Rates Of Return
Section: Chapter Questions
Problem 20PROB
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note: please dont use excel.
21.
Two-Stage Dividend Growth Model (LO1] Chartreuse County Choppers Inc. is
peryear for the next 1l years before leveling ofat 6 percent into perpetulity, The
required returm on the company's stock is12 percent. If the dividend per share just
paid was S1.74, what is the stock price?
Transcribed Image Text:21. Two-Stage Dividend Growth Model (LO1] Chartreuse County Choppers Inc. is peryear for the next 1l years before leveling ofat 6 percent into perpetulity, The required returm on the company's stock is12 percent. If the dividend per share just paid was S1.74, what is the stock price?
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