The appropriate discount rate for kkorns stock is 106
Korn inc., just paid a dividend of (D0) of 1.70 per share. The dividend is expected to grow at a rate of 6.7 percent per year forever. The appropriate discount rate for KKorns stock is 10.6 percent. What is the price of the stock?
Now Priced at $10 (50% Discount)
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