Nykpings Inn will pay out a dividend of 4.9 SEK to its stock holders in one year's
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Question:
Nyköpings Inn will pay out a dividend of 4.9 SEK to its stock holders in one year's time. The next dividend will be 4.8 SEK (and it is paid one year later, so two years from now) and after that the annual dividend will grow by 1.2%.
Given that the cost of equity is 9.2%, what is the price of the stock today?
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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