Question
A stock just paid a dividend of $2.03. The dividend is expected to grow at 25.50% for two years and then grow at 3.57% thereafter.
A stock just paid a dividend of $2.03. The dividend is expected to grow at 25.50% for two years and then grow at 3.57% thereafter. The required return on the stock is 11.92%. What is the value of the stock?
Answer format: Currency: Round to: 2 decimal places.
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International Finance Transactions Policy And Regulation
Authors: Hal Scott, Anna Gelpern
20th Edition
1609303164, 978-1609303167
