9-3 Constant growth valuation Harrison Clothiers’ stock currently sells for $20 a share. It just paid a dividend of $1.00 a share (that is Do = $1.00). The dividend is expected to grow at a constant rate of 6 percent a year. What stock price is expected 1 year from now? What is the required rate of return?
This question was asked on Jan 29, 2013 and answered on Jan 30, 2013.
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