Question
Gerard Consolidateds last annual dividend was $1.40. The dividend is expected to grow by 20% this year, 16% next year, 12% the year after next,
Gerard Consolidateds last annual dividend was $1.40. The dividend is expected to grow by 20% this year, 16% next year, 12% the year after next, and 8% from the following year forward. If the required return on Gerards common stock is 13.50%, what is the intrinsic value of Gerards common stock?
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Accounting For Non-Accountants
Authors: David Horner
10th Edition
0749472812, 978-0749472818
