Question
A stock just paid a dividend of $1.91. The dividend is expected to grow at 27.49% for three years and then grow at 3.05% thereafter.
A stock just paid a dividend of $1.91. The dividend is expected to grow at 27.49% for three years and then grow at 3.05% thereafter. The required return on the stock is 11.23%. What is the value of the stock?
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
