FINANCE-Hamilton Landscaping’s dividend growth rate is expected to be 30%
QUESTION
Hamilton Landscaping’s dividend growth rate is expected to be 30% in the next year, drop to 15% from Year 1 to Year 2, and drop to a constant 5% for Year 2 and all subsequent years. Hamilton has just paid a dividend of $2.50 and its stock has a required return of 11%.
ANSWER:
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