Question
Common stock value: Constant growthSeagate Technology is a global leader in data storage solutions and a high-yield dividend payer. From 2015 through 2019, Seagate paid
Common stock value: Constant growthSeagate Technology is a global leader in data storage solutions and a high-yield dividend payer. From
2015 through 2019, Seagate paid the following per-share dividends:
2019 $ 2.49
2018 $ 2.23
2017 $ 1.81
2016 $1.15
2015 $1.54
Assume that the historical annual growth rate of Seagate dividends is an accurate estimate of the future constant annual dividend growth rate. Use a
18 % required rate of return to find the value of Seagate's stock immediately after it paid its 2019 dividend of $2.49.
can you solve in excel and show formula
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