Financial analysts forecast Safeco Corp s (SAF) growth rate for the future to be 8 percent Safecos recent dividend was $0 88 What is the value of Safeco stock when the required return is 12 percent ...

Financial analysts forecast Safeco Corp.s (SAF) growth rate for the future to be 8 percent. Safecos recent

Question:

Financial analysts forecast Safeco Corp.’s (SAF) growth rate for the future to be 8 percent. Safeco’s recent was $0.88. What is the value of Safeco stock when the required return is 12 percent?

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...