Company DIMOND just paid annual dividend of $5 today. The dividend is expected to grow at 3%

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Company DIMOND just paid annual dividend of $5 today. The dividend is expected to grow at 3% for the next 5 years, then it will grow at 5% in perpetuity. If stocks of similar company earn 9% annual return, what is the price of a share of Company DIMOND stock?

Posted Date: May 18, 2024 05:15 PM

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Company DIMOND just paid annual dividend of $5 today. The dividend is expected to grow at 3%

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