Mathematics, 28.11.2019 15:31 leo4687
Vincent’s hotel currently pays a $2.20 common stock dividend. dividends have been recently growing at a 3% annual rate and are expected to continue growing at this rate for the next 2 years. thereafter, the growth rate is expected to be 0% for the foreseeable future. what is the current value of vincent’s hotel common stock to an investor requiring 17% rate of return?
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