Question
A Corporation just paid a dividend of D0 = $1.20 per share, and that dividend is expected to grow at a constant rate of 6.5%
A Corporation just paid a dividend of D0 = $1.20 per share, and that dividend is expected to grow at a constant rate of 6.5% per year in the future. The required rate of return on the stock is 12%.
What is the company's current stock price?
Stock price in 15 years?
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Business Forecasting
Authors: John E. Hanke, Dean Wichern
9th edition
132301202, 978-0132301206
