A firm just paid dividend of $2. Dividends expected to grow at a rate of %8 for 5 years. After that dividends are expected to
A firm just paid dividend of $2. Dividends expected to grow at a rate of %8 for 5 years. After that dividends are expected to grow at a rate of 5% per year. Assume that the discount rate is 7%. What is the future price of the stock in year 5? The present value today of the dividends for years 1 to 5?
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Authors: Andrew W. Lo, Shomesh E. Chaudhuri
1st Edition
0691183821, 978-0691183824
