Question
A stock just paid a dividend of $2.22. The dividend is expected to grow at 25.92% for two years and then grow at 4.24% thereafter.
A stock just paid a dividend of $2.22. The dividend is expected to grow at 25.92% for two years and then grow at 4.24% thereafter. The required return on the stock is 11.08%. What is the value of the stock?
Answer format: Currency: Round to: 2 decimal places.
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Finance For Non Financial Managers
Authors: Pierre G. Bergeron
5th Edition
0176104070, 9780176104078
