Question: NDTKTelecom's next dividend is expected to be $3.68 per share. Dividend growth rate has been at 2% and expected to be so into the future.
NDTKTelecom's next dividend is expected to be $3.68 per share. Dividend growth rate has been at 2% and expected to be so into the future. If investor's return is 9.51 percent, calculate the stock price in year 4.Enter the answer rounded to 2 decimal places without $ sign.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
