Question
explain in details please Assume you require 10.1% return. A company has common stock which just paid a dividend of $2.33 (at moment 0). Dividends
explain in details please
Assume you require 10.1% return. A company has common stock which just paid a dividend of $2.33 (at moment 0). Dividends forecast to grow 29% for the upcoming five years (years 1-5). After year 5, the growth of the stock's dividends is expected to change to a sustainable rate of 4.0% forever. What is the maximum price you should pay for this stock at the present moment?
Enter your answer as a monetary amount rounded to four decimal places, but without the currency symbol. For example, if your answer is $90.1234, enter 90.1234
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