An investor expects a company to enjoy 8% compound annual growth for ever, and she thinks that
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An investor expects a company to enjoy 8% compound annual growth for ever, and she thinks that the appropriate rate for discounting the companys dividends would be 14%. She knows that the companys most recent annual dividend was 1.50. What should be the value of the share?
Related Book For
Corporate Finance
ISBN: 978-0077861759
11th edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
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