Knight inc is expected to pay a 180 dividend next year the


Knight Inc. is expected to pay a $1.80 dividend next year. The dividend in year 2 is expected to be $2.10. The dividend in year 3 is expected to be $2.50. After that, the dividend is expected to grow at a constant rate of 2%. The cost of capital is 10%. What is Knight's stock price?

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Finance Basics: Knight inc is expected to pay a 180 dividend next year the
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