Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An analyst has expected corporation X's dividend growth rate will be steady beyond 2024. He forecasted the value line of dividend as the following( assuming

An analyst has expected corporation X's dividend growth rate will be steady beyond 2024. He forecasted the value line of dividend as the following( assuming the corporate X's dividend payout ratio is 25%, and he expected ROE is 10% at 2024): 2021 2022 2023 2024 0.72 0.81 0.90 1.00 If the corporation X's market capitalization rate is 10%, what's the corporation X's stock price? K
image text in transcribed
An analyst has expected corporation X's dividend growth rate will be steady beyond 2024. He forecasted the value line of dividend as the following( assuming the corporate X's dividend payout ratio is 25%, and he expected ROE is 10% at 2024 ) If the corporation X's market capitalization rate is 10%, what's the corporation X's stock price

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Finance questions

Question

Define and apply the doctrine of strict liability.

Answered: 1 week ago

Question

2. What is the meaning and definition of Banking?

Answered: 1 week ago

Question

3.What are the Importance / Role of Bank in Business?

Answered: 1 week ago