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15- Fox corporation has paid $1.9 dividend last month and its growth rate is constant and...

15- Fox corporation has paid $1.9 dividend last month and its growth rate is constant and 4%, if the required rate of return is 9%, what will be its stock price in 11 years.

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Answer #1

Price in 11 years = D12/(ke-g) $60.84 (1.9*1.04^12)/(0.09-0.04)

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