Question
Duke Energy is expected to pay $3.00 per share in dividends in year 1, $3.23 in year 2 and $3.45 in year 3. After that,
Duke Energy is expected to pay $3.00 per share in dividends in year 1, $3.23 in year 2 and $3.45 in year 3. After that, it is expected that the dividend growth rate will stabilize at 1% per year. Estimate the value of the stock if Duke Energys required rate of return is 6.0%?
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The Analysis And Use Of Financial Statements
Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried
2nd Edition
0471111864, 978-0471111863
