The last dividend paid by ABC company is 8 TL. The dividend is expected to grow by 5% next year, 4% in the second year, % 5 third year and 3% in the following years. If the expected return rate of investors (k) is 14%. What is the value of this stock today (PO)?

Answer rating: 100% (QA)

Let D0 be the amount of dividend paid and D1 be the amount of expected dividend of firs... View the full answer