Southern foods just paid an annual dividend of $1.10 per share. Management estimates the dividend will increase
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Question:
- Southern foods just paid an annual dividend of $1.10 per share. Management estimates the dividend will increase by 10 percent a year for the next four years. After that, the annual dividend growth rate is estimated at 3.2 percent. The required rate of return is 12 percent .
- What is the value of this stock today ?
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780135811603
5th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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