If the appropriate discount rate is 6 pa what is the


You have a stock that is expected to pay a $3.9 dividend one year from now. Thereafter, you expect annual dividends to experience a constant grow of -3% p.a. forever. If the appropriate discount rate is 6% p.a., what is the duration of this stock?

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Finance Basics: If the appropriate discount rate is 6 pa what is the
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