A stock paid a dividend this year of $1.25. Dividends are expected to grow at a rate
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- A stock paid a dividend this year of $1.25. Dividends are expected to grow at a rate of 15% over the next 6 years, then slow to 2% thereafter. If the required rate of return is 9%, what is the intrinsic value of the stock?
Related Book For
Contemporary Financial Management
ISBN: 9780324289114
10th Edition
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
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