Question
A firm is planning on paying its first dividend of $4.4 9 years from today. After that, dividends are expected to grow at 3.9% per
A firm is planning on paying its first dividend of $4.4 9 years from today. After that, dividends are expected to grow at 3.9% per year indefinitely. The stock's required return is 11%. What is the intrinsic value of a share today? Enter your answer to 2 decimal places.
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Fundamental Accounting Principles
Authors: John J Wild, Ken Shaw
24th edition
1259916960, 978-1259916960
