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A stock just paid a dividend of $2.08. The dividend is expected to grow at 24.89% for five years and then grow at 4.27% thereafter.
A stock just paid a dividend of $2.08. The dividend is expected to grow at 24.89% for five years and then grow at 4.27% thereafter. The required return on the stock is 11.62%. What is the value of the stock?
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The Handbook Of Financing Growth
Authors: Kenneth H. Marks, Larry E. Robbins, Gonzalo Fernandez, John P. Funkhouser, D. L. Williams
2nd Edition
