Question
A firm is expected to pay a dividend of $2.95 next year. Financial analysts believe the stock will be at their price target of $115
A firm is expected to pay a dividend of $2.95 next year. Financial analysts believe the stock will be at their price target of $115 in two years. Compute the value of this stock with a required return of 13.2 percent.
What is the value of the stock?
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Multinational Financial Management
Authors: Alan C Shapiro, Paul Hanouna
11th Edition
1119559901, 9781119559900
