Phoenix Industries has pulled off a miraculous recovery. Four years ago it was near bankruptcy....
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Phoenix Industries has pulled off a miraculous recovery. Four years ago it was near bankruptcy. Today, it announced a $ per share dividend to be paid a year from now, the first dividend since the crisis. Analysts expect dividends to increase by $ a year for another years. After the third year in which dividends are $ per share dividend growth is expected to settle down to a more moderate longterm growth rate of If the firms investors expect to earn a return of on this stock, what must be its price?
Phoenix Industries has pulled off a miraculous recovery. Four years ago it was near bankruptcy. Today, it announced a $ per share dividend to be paid a year from now, the first dividend since the crisis. Analysts expect dividends to increase by $ a year for another years. After the third year in which dividends are $ per share dividend growth is expected to settle down to a more moderate longterm growth rate of If the firms investors expect to earn a return of on this stock, what must be its price?
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