Question
A stock has the following characteristics. What should the current share price be? Dividends year 1: 2.0 Dividends year 2: 3.0 Dividends year 3: 3.9
A stock has the following characteristics. What should the current share price be?
Dividends year 1: 2.0
Dividends year 2: 3.0
Dividends year 3: 3.9
Dividends year 4: 4.5
Dividends year 5: 5.0
Long-term growth rate starting year 5: 5%
Discount rate: 15%
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Global Banking
Authors: Roy C Smith, Ingo Walter, Gayle DeLong
3rd Edition
0195335937, 9780195335934
