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A company just paid a dividend of $1.10 per share. The consensus forecast of financial analysts is a dividend of $1,70 per share riext year
A company just paid a dividend of $1.10 per share. The consensus forecast of financial analysts is a dividend of $1,70 per share riext year and $2.30 per share two years from now. Thereafter, you expect the dividend to grow 7 per year indefinitely into the future, If the required rate of return is 14\% per year, what would be a fair peice for this stock today? (Ariswer to the nearest penny.)
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