Milton Information Services currently pays a dividend of $4 per share on its common stock The dividend is expected to grow at 4 per year forever Stocks with similar risk currently are priced to provide a 12 expected return What is the intrinsic value of Milton stock ...

For a stock with constant dividend ...

Milton Information Services currently pays a dividend of $4 per share on its common stock. The dividend

Question:

Milton Information Services currently pays a of $4 per share on its common stock. The is expected to grow at 4% per year forever. with similar risk currently are priced to provide a 12% expected return. What is the intrinsic value of Milton stock?
Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...