Question
Best Value Outlet recently announced that it intends to pay dividends of $0.40, $0.60, $0.75, and $1.01 per share over the next four years, respectively.
Best Value Outlet recently announced that it intends to pay dividends of $0.40, $0.60, $0.75, and $1.01 per share over the next four years, respectively. After that, the plan is to increase the dividend by 3.6 percent annually. What is the current value of this stock if the applicable discount rate is 13.3 percent
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
6th Edition
125991965X, 978-1259919657
