Your company paid a dividend of $2.00 last year. The growth rate is expected to be 4 percent for 1 year, 5 percent the next year, then 6 percent for the following year, and then the growth rate is expected to be a constant 7 percent thereafter. The required rate of return on equity (ks) is 10 percent. What is the current stock price

Answer rating: 100% (QA)

To calculate the current stock price using the dividend discount model DDM we can use the Gordon Gro... View the full answer