Question
A stock just paid a dividend of $2.52. The dividend is expected to grow at 29.69% for three years and then grow at 4.50% thereafter.
A stock just paid a dividend of $2.52. The dividend is expected to grow at 29.69% for three years and then grow at 4.50% thereafter. The required return on the stock is 10.82%. What is the value of the stock?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
7th Edition
0072866578, 9780072866575
