How long do business cycles remain
How long do business cycles remain?
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The length of a complete cycle differs from about 2 to 3 years to as long as 15 years.
Summer Co. is expected to pay a dividend or $4.00 per share out of earnings of $7.50 per share. If the required rate of return on the stock is 15% and dividends are growing at a current rate of 10% per year, calculate the present value of the growth opportunity for the stock (PVGO)
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