Question
A company's most recent annual Free Cash Flow is $180,000,000.Free cash flow is expected to grow by 15% per year for the next 10 years
A company's most recent annual Free Cash Flow is $180,000,000.Free cash flow is expected to grow by 15% per year for the next 10 years and then grow by 3% per year thereafter.Investors required rate of return is 11%. What is the current value of the stock?
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Introduction to Finance Markets, Investments and Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
16th edition
1119398282, 978-1-119-3211, 1119321115, 978-1119398288
