XYZ stockwill pay its first yearly dividend of $2.00, three years from today. The dividends will grow
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Question:
XYZ stockwill pay its first yearly dividend of $2.00, three years from today. The dividends will grow at a rate of 5% per annum until the 7th year. After that the dividends will grow at a rate of 3% until the end of the 15th year. After that the dividends will grow at a rate of 2% forever. If the return of XYZ stock is 10% per annual what should be the PV of the stock?
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