Hayley Motorcycle Company just paid a dividend of $1.2 today, and is expected to pay a dividend
Fantastic news! We've Found the answer you've been seeking!
Question:
Hayley Motorcycle Company just paid a dividend of $1.2 today, and is expected to pay a dividend in year 1 of $1.6, a dividend in year 2 of $2.1, a dividend in year 3 of $3, and a dividend in year 4 of $4. After year 4, dividends are expected to grow at the rate of 1.5% per year. An appropriate required return for the stock is 7.9%, using the different- stage growth model, the stock should be worthtoday.
Related Book For
Posted Date: