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CC Inc. stock recently paid a dividend of $3.

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CC Inc. stock recently paid a dividend of $3. The company expects to boost the dividend at a rate of 15% for the next two years. Thereafter, the growth rate is expected to be 5%. The required return on the stock is 12%. What is the expected stock price one year from now just after next year's dividend is paid? (may ask for price today;Additional Requirements;Min Pages: 1;Level of Detail: Show all work

 

Paper#29893 | Written in 18-Jul-2015

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