Question
A stocks last dividend was $1.52 per share and the dividends are expected to grow forever at a constant rate of 6.6% per year. If
A stocks last dividend was $1.52 per share and the dividends are expected to grow forever at a constant rate of 6.6% per year. If the stocks current price is $34.67 per share, what is the stocks intrinsic value per share expected to be in four years?
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Personal Financial Planning
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
14th edition
978-1305887725, 1305887727, 1305636619, 978-1305636613
