The dividends of LPK Ltd are expected to grow at a rate of 4%, 8% and 12% p.a. during years 1 through 3 respectively. After that, the dividends are expected to grow at a long-run rate of 4% p.a. forever. The company's current dividend per share is $1.20 and the required rate of return on the shares is 10% p.a.

Based on this information, the current price should be?

Answer rating: 100% (QA)

To determine the current price of LPK Ltd shares we can use the dividend discount model DDM The DDM ... View the full answer