Question
A stock just paid a dividend of $1.76. The dividend is expected to grow at 29.19% for two years and then grow at 3.94% thereafter.
A stock just paid a dividend of $1.76. The dividend is expected to grow at 29.19% for two years and then grow at 3.94% thereafter. The required return on the stock is 12.31%. What is the value of the stock?
Answer format: Currency: Round to: 2 decimal places.
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Principles Of Project Finance
Authors: E. R. Yescombe
2nd Edition
0123910587, 9780123910585
