Business, 21.04.2020 23:18 imaboss10986

You are interested in buying a share of stock in LMU Company. You expect a dividend payment of $10 next year and that the dividend will grow by 6% per year thereafter. You desire a 8% return on your purchase. According to the Gordon growth model, what is the maximum price you would pay for a share of this stock?

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You are interested in buying a share of stock in LMU Company. You expect a dividend payment of $10 n...