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stranahan stranahan
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7 years ago
Inman, Inc. has an 11% required rate of return. It does not expect to initiate dividends for 20 years, at which time it will pay $4.00 per share in dividends. At that time, Inman expects its dividends to grow at 6% forever. What is an estimate of Inman's price in 20 years (P20) if its dividend at the end of year 20 is $4.00?
A) $57.50
B) $34.80
C) $55.00
D) $84.80
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
Author:
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Decrepit_Decrepit_
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7 years ago
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stranahan Author
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Thanks Smiling Face with Open Mouth and Tightly-closed Eyes
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Thanks
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Thank you
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