Question
An Airbnb stock is expected to pay $50, $51, and $52 in dividend for the next three years. Then dividend is expected to grow at
An Airbnb stock is expected to pay $50, $51, and $52 in dividend for the next three years. Then dividend is expected to grow at a constant rate of 5% indefinitely.
If you are willing to pay $500 for the stock today, what is your required rate of return (in %)? Round your answer to at least 2 decimal places
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Introductory Econometrics For Finance
Authors: Chris Brooks
2nd Edition
052169468X, 9780521694681
