Question: please show method! thank you 4. You are covering Integrated Technology Corp. stock, and have prepared the following estimates of the company's dividends over the
please show method! thank you
4. You are covering Integrated Technology Corp. stock, and have prepared the following estimates of the company's dividends over the next five years: Year 1: Year 2: Year 3: Year 4: Year 5: $0.95 $1.25 $1.50 $1.72 $1.92 After year 5, you expect dividends to grow at a constant rate of 6%. The required rate of return on equity is 10.3%. What is the value of the stock based on your estimates
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