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Author Question: Cherry Auto Sales just opened and does not expect to pay a dividend during its first year. At the ... (Read 101 times)

PhilipSeeMore

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on: Apr 25, 2021
Cherry Auto Sales just opened and does not expect to pay a dividend during its first year. At the end of its second year, Cherry's owners expect to pay a $2.00 dividend and plan to increase it 7% annually. If the required return is 20%, what should Cherry's stock price be?
◦ $11.42
◦ $10.92
◦ $13.06
◦ $12.82
◦ $15.48
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by PhilipSeeMore on Apr 25, 2021

wuly

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Reply #1 on: Apr 25, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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PhilipSeeMore

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Reply 2 on: Apr 25, 2021
Thanks for the timely response, appreciate it

LegendaryAnswers

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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