Question
A stock just paid a dividend of $1.94. The dividend is expected to grow at 25.64% for two years and then grow at 4.57% thereafter.
A stock just paid a dividend of $1.94. The dividend is expected to grow at 25.64% for two years and then grow at 4.57% thereafter. The required return on the stock is 14.63%. What is the value of the stock?
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Answer format: Currency: Round to: 2 decimal places.
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Investments An Introduction
Authors: Herbert B. Mayo
13th Edition
0357127951, 978-0357127957
