Question
A firm expects to pay dividends at the end of each of the next six years of $2.00, $1.50, $2.50, $3.00, $3.00 $3.50. Growth rate
A firm expects to pay dividends at the end of each of the next six years of $2.00, $1.50, $2.50, $3.00, $3.00 $3.50. Growth rate is then expected to be at 2% constantly. If you require a 6 percent rate of return, what is the value of this firms stock? (Round Up, Two Decimals) Can someone show me how to do this. The answer should be $75.32
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College Accounting A Contemporary Approach
Authors: David Haddock, John Price, Michael Farina
3rd edition
978-0077639730
