Question
A stock just paid a dividend of $2.30. The dividend is expected to grow at 22.96% for two years and then grow at 4.24% thereafter.
A stock just paid a dividend of $2.30. The dividend is expected to grow at 22.96% for two years and then grow at 4.24% thereafter. The required return on the stock is 12.26%. 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 Bergeron
6th Edition
0176501630, 9780176501631
