Question
A stock just paid a dividend of $1.69. The dividend is expected to grow at 25.94% for five years and then grow at 3.09% thereafter.
A stock just paid a dividend of $1.69. The dividend is expected to grow at 25.94% for five years and then grow at 3.09% thereafter. The required return on the stock is 13.99%. What is the value of the stock?
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South Western Federal Taxation 2014 Comprehensive Volume
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young
37th Edition
9781285180922
