Question
A firm is expected to pay a dividend of $1.55 next year and $1.70 the following year. Financial analysts believe the stock will be at
| A firm is expected to pay a dividend of $1.55 next year and $1.70 the following year. Financial analysts believe the stock will be at their price target of $50 in two years. |
| Compute the value of this stock with a required return of 11.5 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) |
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Technical Analysis Of Stock Trends
Authors: Robert D. Edwards, John Magee, W.H.C. Bassetti
10th Edition
1439898189, 978-1439898185
