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cowan Company currently pays a 300 dividend The Board has.pdf

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Cowan Company currently pays a $3.00 dividend. The Board has just decided that the next dividend will $4.00. The following dividend is expected to be $4.50. After that, they expect it to grow by 6%. If the required return is 12%, what is a share of Cowan worth? (15 points).

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Cowan Company currently pays a $3.00 dividend. The Board has just decided that the next dividend will $4.00. The following dividend is expected to be $4.50. After that, they expect it to grow by 6%. If the required return is 12%, what is a share of Cowan worth? (15 points)

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cowan Company currently pays a 300 dividend The Board has.pdf

  • 1. Cowan Company currently pays a $3.00 dividend. The Board has just decided that the next dividend will $4.00. The following dividend is expected to be $4.50. After that, they expect it to grow by 6%. If the required return is 12%, what is a share of Cowan worth? (15 points)