The share of stock paid a dividend of rupees 3.00 last year. The dividend is expected to
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Question:
The share of stock paid a dividend of rupees 3.00 last year. The dividend is expected to grow at a constant rate of 8% in the future. the required rate of return on this stock is considered to be 15%. How much should this stock sell for now? assuming that the expected growth rate and required rate of return remain the same, at what price should the stocks sell 3 years hence?
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