Duke Energy paid $3.00 in dividends per share last year, and dividends are expected to grow by 30% for the following three years. After that, it is expected that dividend growth rate will be reduced to 2% per year. Using Dividend Discount Model, estimate the value of the stock if Duke Energy‘s required rate of return is 8.0%.

Answer rating: 100% (QA)

Duke Energy paid 300 in dividends per share last year and dividends are expected to gr... View the full answer