Ackert companys last dividend was 050 the dividend growth, Financial Management

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Ackert companys last dividend was 050 the dividend growth

Ackert Company's last dividend was $0.50. The dividend growth rate is expected to be constant at 1.5% for 2 years, after which dividends are expected to grow at a rate of 8.0% forever. The firm's required return (r) is 12.0%. What is the best estimate of the current stock price?

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Financial Management: Ackert companys last dividend was 050 the dividend growth

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Financial Management: Ackert companys last dividend was 050 the dividend growth

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