What is the intrinsic value of a stock which last paid a dividend of $2.55 and is
Fantastic news! We've Found the answer you've been seeking!
Question:
What is the intrinsic value of a stock which last paid a dividend of $2.55 and is expected to grow at 18% over the next 2 years after which it will settle down at a stable rate of 7% per annum? The investor's required rate of return is 13%.
Related Book For
Intermediate Financial Management
ISBN: 978-1285850030
12th edition
Authors: Eugene F. Brigham, Phillip R. Daves
Posted Date: