Madox Max Ltd pay a dividend of $3.3 per share next year. After that the dividend is forecast to grow at 15% for 1 year. From year three onwards dividends are expected to grow by 6% indefinitely. Calculate the share price for Madox Max Ltd if the discount rate is 8%.

Answer rating: 100% (QA)

To calculate the share price of Madox Max Ltd we need to determine the present value of the future d... View the full answer