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Angelo Company just paid a dividend of $2.00 (D0). It expected to increase by 12% per year for the next three years. Growth will slow
Angelo Company just paid a dividend of $2.00 (D0). It expected to increase by 12% per year for the next three years. Growth will slow down to 8% per year for the following three years, and finally slow to a 5% per year thereafter. Your required rate of return is 25%, how much you are willing to pay for this stock? Can someone post the steps please!
a. $13.127
b. $12.953
c. $12.671
d. $12.594
e. $12.456
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