Find the price of the company-s stock in three years


The Canning Company has been hit hard due to increased competition. The company's analysts predict that earnings (and dividends) will decline at a rate of 5% annually into the foreseeable future. Assume that ks = 11% and D0 = $2.00. What will be the price of the company's stock in three years?

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Finance Basics: Find the price of the company-s stock in three years
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