Sermon's common stock recently paid a dividend of $4.7. You believe their dividends will grow at a
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Sermon's common stock recently paid a dividend of $4.7. You believe their dividends will grow at a constant rate of 4% per year for the foreseeable future. Your required return is 9% for shares of this risk level. According to the constant growth dividend valuation model, what is the intrinsic value of one share of Strymon's common Stock?
Related Book For
Financial Management Theory and Practice
ISBN: 978-1305632295
15th edition
Authors: Eugene F. Brigham, Michael C. Ehrhardt
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