Longhorn, Inc. is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 25 percent a year for the next three years and then decreasing the growth rate to 6 percent per year. The company just paid its annual dividend in the amount of $0.80 per share.

What is the current value of one share of this stock if the required rate of return is 17 percent?

Answer rating: 100% (QA)

18500 5250 1 1 1 IRR 5 IRR IRR 1292 Just use your TVOM keys with ... View the full answer