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Business, 19.03.2020 03:49 23gordns

Biogenetics, Inc. plans to retain and reinvest all of their earnings for the next 30 years. Beginning in year 31, the firm will begin to pay a $12.00 per share dividend. The dividend will increase at a 6% rate annually thereafter. Given a required return of 15%, what should the stock should sell for today

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Biogenetics, Inc. plans to retain and reinvest all of their earnings for the next 30 years. Beginnin...
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