Question
A stock just paid a dividend of $1.58. The dividend is expected to grow at 29.27% for three years and then grow at 3.99% thereafter.
A stock just paid a dividend of $1.58. The dividend is expected to grow at 29.27% for three years and then grow at 3.99% thereafter. The required return on the stock is 13.75%. What is the value of the stock?
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. Mcguigan, William J. Kretlow
9th Edition
032416470X, 9780324164701
