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A company currently pys a dividend of $1.75 per share. It estimated that the company's dividend will grow at a rate of 22% per year
A company currently pys a dividend of $1.75 per share. It estimated that the company's dividend will grow at a rate of 22% per year for the next 2 years, and then at a constant rare of 8% thereafter. The company's stock has a beta of 1.15, the risk-free rate if 3.5%, and the market risk premium is 6%. What is your estimated of the stock's current price?
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Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel
3rd Edition
0470377852, 978-0470377857
