Question
A firm recently paid a $0.60 annual dividend. The dividend is expected to increase by 13 percent in each of the next four years. In
| A firm recently paid a $0.60 annual dividend. The dividend is expected to increase by 13 percent in each of the next four years. In the fourth year, the stock price is expected to be $44. |
| If the required return for this stock is 15.50 percent, what is its current value? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) |
| Current value | $ Show work please |
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Financing Large Projects Using Project Finance Techniques And Practices
Authors: Fouzul Khan, Robert Parra
1st Edition
9780131016347
