Question
A stock just paid an annual dividend of $6.3. The dividend is expected to grow by 6% per year for the next 4 years. In
A stock just paid an annual dividend of $6.3. The dividend is expected to grow by 6% per year for the next 4 years. In 4 years, the P/E ratio is expected to be 17 and the payout ratio to be 60%.
The required rate of return is 8%.
What is the intrinsic value of the stock?
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Accounting For Inventory
Authors: Steven M. Bragg
2nd Edition
1938910648, 9781938910647
