Question
Given the information in the table, what is the price of the stock in YEAR 1? Todays Dividend $3.19 Discount Rate 7.45% Growth rate in
Given the information in the table, what is the price of the stock in YEAR 1?
| Todays Dividend | $3.19 |
| Discount Rate | 7.45% |
| Growth rate in dividends 0 to 1 | 7.12% |
| Growth rate in dividends 1 to 2 | 7.25% |
| Growth rate in dividends 2 to 3 | 5.40% |
| Growth rate in dividends 3 onward | 4.65% |
Please do on piece of paper or show work and not on excel so i can follow.
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
