Question
A stock is expected to pay a $4.30 dividend next period. Dividends are expected to grow at a constant rate of 2.2%. If the required
A stock is expected to pay a $4.30 dividend next period. Dividends are expected to grow at a constant rate of 2.2%. If the required return of the stock is 12.0%, what will the intrinsic value of the stock be in 10 periods, just after the 10th dividend is paid?
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The Analysis And Use Of Financial Statements
Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried
2nd Edition
0471111864, 978-0471111863
