The earnings and dividends of biddin company are expected


Question: The earnings and dividends of Biddin Company are expected to grow at an annual rate of 15% over the next 2 years and then slow down to a constant growth rate of 8% per year. Biddin currently pays a dividend of $0.60 per sharr. What is the value of Biddin's stock to an investor who requires a 14% rate of return?

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Finance Basics: The earnings and dividends of biddin company are expected
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