Course Content $/$ Module $13/$ Mod $13$ Homework

Mod $13$ Homework

a$.$ Forecast the terminal period values assuming the following terminal period growth rate.

b$.$ Estimate the value of a share of AT&T common stock using the discounted cash flow $($DCF$)$ model as of December $31,2018$ using the following assumptions and the information above.

$\backslash$table$[[$Assumptions$,],[$Discount rate $($WACC$),5\mathrm{.}70\%,],[$Common shares outstanding,$7,281\mathrm{.}6,$million$],[$Net nonoperating obligations $($NNO$),$$$175,155,$million$],[$Noncontrolling interest,$$9,795,$million$]]$