One year from today investors anticipate that groningen, Ask an Expert

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One year from today, investors anticipate that Groningen Distilleries Inc. stock will pay a dividend of $3.25 per share.

After that, investors believe that the dividend will grow at 20% per year for three years before settling down to a long-run growth rate of 4%. The required rate of return on Groningen stock is 15%. What is the current stock price?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92083759

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