required rate of return; price of stock
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Harrison Clothiers stock currently sells for $20 a share. It just paid a dividend of $1.00 a share. The dividend is expected to grow at a constant rate of 6% a year. What stock price is expected 1 year from now? What is the required rate of return?
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This explains the steps to compute the required rate of return and price of stock
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Harrison Clothiers stock currently sells for $20 a share. It just paid a dividend of $1.00 a share. The dividend is expected to grow at a constant rate of 6% a year. What stock price is expected 1 year from now? ...
Purchase this Solution
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