solve without excel Consider the following information. HCB stock will pay a...
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solve without excel
Consider the following information. HCB stock will pay a dividend of $3.00 this year. (D1). Dividends are expected to grow at a rate of 20% next year and 15% the year after that, and 5% per year forever after that. HSB's stock's required return is 12%. Calculate the stock price. a. $35.99 b. $39.59 c. $43.55 d. $47.91 e. $52.70
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