A company 'Millennium X' is expected to increase by 20% in one year and by 15 %in
Fantastic news! We've Found the answer you've been seeking!
Question:
A company 'Millennium X' is expected to increase by 20% in one year and by 15 %in two years. After that dividends will increase at a rate of 5% per year indefinitely. If the last dividend was R10 and the required return is 20%, what is the price of Millennium X stock?
Related Book For
Management Now skills for 21st century management
ISBN: 978-0073377292
2nd edition
Authors: Dr. Andrew Ghillyer
Posted Date: