A stock just paid an annual dividend of $ 8 . The dividend is expected to grow

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Question:

A stock just paid an annual dividend of $

8 .

The dividend is expected to grow by

5 %

per year for the next

4

years. In

4

years, the P

/

E ratio is expected to be

23

and the payout ratio to be

60 % .

The required rate of return is

8 .

Attempt

3 / 10

for

10

pts

.

What is the intrinsic value of the stock?

Posted Date: May 18, 2024 09:12 PM

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A stock just paid an annual dividend of $ 8 . The dividend is expected to grow

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