Question
A firm is expected to pay a dividend of $2.35 next year and $2.50 the following year. Financial analysts believe the stock will be at
A firm is expected to pay a dividend of $2.35 next year and $2.50 the following year. Financial analysts believe the stock will be at their price target of $90 in two years.
Compute the value of this stock with a required return of 12.3 percent. (Round your answer to 2 decimal places.)
Value of stock$ ___
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Multinational Financial Management
Authors: Alan C Shapiro, Paul Hanouna
11th Edition
1119559901, 9781119559900
