Question
A stock just paid a dividend of $1.10. The dividend is expected to grow at 27.82% for five years and then grow at 3.56% thereafter.
A stock just paid a dividend of $1.10. The dividend is expected to grow at 27.82% for five years and then grow at 3.56% thereafter. The required return on the stock is 11.74%. What is the value of the stock?
round to 2 decimal places
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International Financial Management
Authors: Cheol Eun
9th Edition
1260788865, 9781260788860
