Drinder corp has declared that will offer dividend per share of 1.50 one year from now, 2 two year from now 1.75 three years from now you believe that you can sell the stock at the end of the third year for 42. what should the current value of this stock be if you require a 24% rate of return ? According to dividend discount model

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Answer To calculate the current value of the stock we need to discount each dividend ba... View the full answer