Mikel company paid an annual dividend of 2 per share yersterday. Analysts are predicting growth...
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Mikel company paid an annual dividend of 2 per share yersterday. Analysts are predicting growth in earnings per share over the next 4 years of 7% each year. after year 4, eps are expected to grow at the average of 3% a year. If the company's equity cost of capital is 8% and its dividend payout ratio remains constant forever, what should the price today for one share of Mikel company stock?
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