Question
A stock just paid a dividend of $2.22. The dividend is expected to grow at 26.90% for five years and then grow at 3.32% thereafter.
A stock just paid a dividend of $2.22. The dividend is expected to grow at 26.90% for five years and then grow at 3.32% thereafter. The required return on the stock is 10.31%. What is the value of the stock? Round 2 decimal places and please show steps and formulas
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Governance Of Financial Management
Authors: John Carver, Miriam Carver
1st Edition
0470392541, 9780470392546
