callaway corporation is expected to pay the following dividends over the next four years: $2.25, $4.00, $3.00, $1.00. afterwards, the company pledges to maintain a constant 8 percent growth rate in dividends forever. if the required return on the stock is 16 percent, what is the current share price?

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04-11-2022
Business

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callaway corporation is expected to pay the following dividends over the next four years: $2.25, $4.00, $3.00, $1.00. afterwards, the company pledges to maintain a constant 8 percent growth rate in dividends forever. if the required return on the stock is 16 percent, what is the current share price?

Sagot :

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