Question
CX Enterprise has the following expected dividends: $1 in one year, $1.15 in two year, and $1.25 in three years. After that, its dividends are
CX Enterprise has the following expected dividends: $1 in one year, $1.15 in two year, and $1.25 in three years. After that, its dividends are expected to grow at 3.57% per year forever (so that year 4s dividend will be 3.57% more than $1.25 and so on). Assume CX Enterprises required rate of return is 8.77%.
What is the intrinsic value of CX Enterprise stock?
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Cima Official Exam Practice Kit Fundamentals Of Ethics Corporate Governance And Business Law Certificate In Business Accounting
Authors: Larry Mead
4th Edition
1856177092, 978-1856177092
