Question
A company's dividend this year is $2.25 per share, and dividends are expected to grow at 12% for the next four years and at 5%
A company's dividend this year is $2.25 per share, and dividends are expected to grow at 12% for the next four years and at 5% indefinitely after that. If the firms discount rate is 8%, what is the value of one share today?
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
6th Edition
125991965X, 978-1259919657
