If the dividend discount module cannot be used for your stock then use another valuation formula and
Question:
If the dividend discount module cannot be used for your stock then use another valuation formula and explain why that formula was more appropriate for the stock. Compare your calculation to the current price of the stock. Is the stock currently trading at, above, or below your value calculation? Research and analyze why the stock may be trading at that value. Would you purchase this stock? Why or why not.
Answer the following question using this reference:
References:
Equity Research, Z. (2020, November). Here's why you should hold onto Comerica (CMA) stock now. Yahoo! Finance. Retrieved April 28, 2022, from https://finance.yahoo.com/news/heres-why-hold-onto-comerica-215209777.html?fr=sycsrp_catchall (Links to an external site.)
Financial Accounting Theory and Analysis Text and Cases
ISBN: 978-1118582794
11th edition
Authors: Richard G. Schroeder, Myrtle W. Clark, Jack Cathey