Question
A firm is planning on paying its first dividend of $2.2 three years from today. After that, dividends are expected to grow at 3.6% per
A firm is planning on paying its first dividend of $2.2 three years from today. After that, dividends are expected to grow at 3.6% per year indefinitely. The stock's required return is 12%. What is the intrinsic value of a share today?
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Valuation, Measuring And Managing The Value Of Companies
Authors: Tim Koller, Marc Goedhart, David Wessels
7th Edition
1119611865, 9781119611868
