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 firm's discount rate is 8%, what is the value of one share today?
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Intermediate Accounting IFRS Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
2nd Edition
1118443969, 978-1118443965
