A stock you are interested in paid a dividend of $1 per share last year. The anticipated
Fantastic news! We've Found the answer you've been seeking!
Question:
A stock you are interested in paid a dividend of $1 per share last year. The anticipated growth rate in dividends and earnings is 25% for the next two years before settling down to a constant 5% growth rate. The discount rate is 12%. What is the current value of the stock?
Related Book For
Principles Of Managerial Finance
ISBN: 978-0136119463
13th Edition
Authors: Lawrence J. Gitman, Chad J. Zutter
Posted Date: