Business
Business, 16.04.2020 17:58, samanthalopez11

Portman Industries just paid a dividend of $2.16 per share. The company...

Portman Industries just paid a dividend of $2.16 per share. The company expects the coming year to be very profitable, and its dividend is expected to grow by 16.00% over the next year. After the next year, though, Portman's dividend is expected to grow at a constant rate of 3.20% per year. The required rate of return is 13.6%. Assuming that the market is in equilibrium, use the information given to answer the following question. What will Portman's stock price be one year from now? a. $23.76 b. $24.55 c. $24.09 d. $22.78
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Portman Industries just paid a dividend of $2.16 per share. The company expects the coming year to b...

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