
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Phillips is growing and dividends are growing at a rate of 25% for the next three years, then falling off to a constant 5% thereafter. If the required return is 12% and the company just paid a dividend of $3.10, what is the current share price?
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