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Airlines Inc. just paid a $3.50 dividend, and it is expected to grow at 45% for the next 3 years. After 3 years the dividend
Airlines Inc. just paid a $3.50 dividend, and it is expected to grow at 45% for the next 3 years.
After 3 years the dividend is expected to grow at the rate of 4% indefinitely.
If the required return is 9.8%, what is the stock's value today?
---This question needs to go into a spreadhseet on excel and I am unsure of the values for each row and column or the equations associated. A walkthrough would be greatly appreciated!---
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