Question
A stock will pay dividends of $3, $4, and $9 over the next three years, and then increase dividends at a rate of 3% afterwards.
A stock will pay dividends of $3, $4, and $9 over the next three years, and then increase dividends at a rate of 3% afterwards. Its required rate of return is 15%. What is the value of the stock? Round to the penny.
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Forecasting Methods And Applications
Authors: Spyros G. Makridakis, Steven C. Wheelwright, Rob J Hyndman
3rd Edition
0471532339, 9780471532330
