Calculate what the stock of a toy company by the name of Peter Rabbit Union should be
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Question:
Calculate what the stock of a toy company by the name of Peter Rabbit Union should be selling for if the company just paid $4.70 per share in dividends, and the dividends are expected to grow at a constant growth rate of 6.3% per year forever. The required rate of return is 16.4%. Round the final answer to two decimal places.
$54.65, $49.47, $43.60, $29.61, or $22.01 (show calculation)
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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