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PDA

antmann
May 12, 2008, 12:58 PM
Friedman Steel company will pay a dividend of $1.50 per share in the next 12 months (D1). The required rat of return (Ke) is 10 percent and the constant growth rate is 5 percent.


Assume the growth rate (g) goes up to 7%; what will be the new value of P0?