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Distant Thunder, Inc. paid a dividend of $5.00 per share on its common stock yesterday. Dividends ...

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Distant Thunder, Inc. paid a dividend of $5.00 per share on its common stock yesterday. Dividends ...

Distant Thunder, Inc. paid a dividend of $5.00 per share on its common stock yesterday. Dividends are expected to grow at a constant rate of 10% for the next two years, at which point the dividends will begin to grow at a constant rate indefinitely. If the stock is selling for $50 today and the required return is 15%, what it the expected annual dividend growth rate after year two?
A) 3.365%
B) 3.878%
C) 4.556%
D) 5.000%

Textbook

Foundations of Finance

Edition: 9^th

Authors: Keown, Petty, Martin

Read 264 times

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samualson Author

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Such an awesome helper!

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thanks

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Blue D.

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Thanks!

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