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An analyst has been following American Dream stock. He projects the following dividends for the next three years: YEAR 1 23 Dividend $1.51 $2.19 $3.09
An analyst has been following American Dream stock. He projects the following dividends for the next three years: YEAR 1 23 Dividend $1.51 $2.19 $3.09 The analyst notes that American Dream stock has a required return of 10.50%. The analyst projects that dividends will grow at a constant rate of 4.00% per year after year 3 What is the current price of the stock if his assumptions are correct
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