A local wine equipment manufacturer is planning to issue stocks. The company just paid a...
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A local wine equipment manufacturer is planning to issue stocks. The company just paid a dividend of $3.60. They now expect to pay dividends to grow at 15% for the next 3 years and thereafter grow at an annual rate of 8%. What should be the price of the stock given these revised forecasts? Assume a rate of return of 16%
How does a cumulative voting system allow minority representation in corporations?
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