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ABC Ltd shares are assumed to be trading at their fair value of $66.55. The dividend per share next year is $2.37 and grows at
ABC Ltd shares are assumed to be trading at their fair value of $66.55. The dividend per share next year is $2.37 and grows at a constant rate each year. The appropriate discount rate is 14% p.a.. What is the expected price of ABC shares 4 year from now? (round to nearest cent) Question 10Answer a. $99.00 b. $124.13 c. $66.55 d. $64.73
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