Problem 7.01 – Current Stock Price, Price in # years
Essentials of Corporate Finance
Ross, Westerfield, and Jordan
10th Edition and 11th Edition
What is the current price of RLX Co. stock given the recent dividend and an expected constant growth rate if investors require a return of 10.5 percent? How will the price change in three years and in 15 years? Determine the current stock price and stock price years into the future for the firm. Your numbers will vary.
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Your numbers will vary.