Question
Boehm Incorporated is expected to pay a $3.80 per share dividend at the end of this year (i.e., D1= $3.80). The dividend is expected to
Boehm Incorporated is expected to pay a $3.80 per share dividend at the end of this year (i.e., D1= $3.80). The dividend is expected to grow at a constant rate of 9% a year. The required rate of return on the stock, rs, is 18%. What is the estimated value per share of Boehm's stock?
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
13th edition
132743469, 978-0132743464
