You have a stock that is expected to pay a 13 dividend one


You have a stock that is expected to pay a $1.3 dividend one year from now. Thereafter, you expect annual dividends to experience a constant grow of 4% p.a. forever. If the appropriate discount rate is 13% p.a., what is the duration of this stock?

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Financial Management: You have a stock that is expected to pay a 13 dividend one
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