Question
A stock just paid a dividend of $1.53. The dividend is expected to grow at 24.44% for two years and then grow at 3.81% thereafter.
A stock just paid a dividend of $1.53. The dividend is expected to grow at 24.44% for two years and then grow at 3.81% thereafter. The required return on the stock is 13.27%. What is the value of the stock?
Answer format: Currency: Round to: 2 decimal places.
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Municipal Finances A Handbook For Local Governments
Authors: Catherine D. Farvacque-Vitkovic, Mihaly Kopanyi
1st Edition
082139830X, 978-0821398302
