Question
Caskey Inc. is experiencing a period of growth. Dividends are expected to grow at a rate of 14.00% for the next two years and 5.00%
Yesterday the corporation paid a dividend of $1.15. If the required rate of return is 8.00%, what is the intrinsic value of the stock?
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Contemporary Financial Management
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
10th Edition
978-0324289114, 0324289111
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