Business, 27.11.2019 04:31 shayshayyy41

Shore hotels just paid an annual dividend of $1.50 per share. the company will increase its dividend by 7 percent next year and will then reduce its dividend growth rate by 2 percentage points per year until it reaches the industry average of 3 percent dividend growth, after which the company will keep a constant growth rate forever. what is the price of this stock today given a required return of 14 percent?

(a) $14.85
(b) $18.99
(c) $11.83
(d) $16.54
(e) $13.02

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Shore hotels just paid an annual dividend of $1.50 per share. the company will increase its dividend...

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