Question
Given the information in the table, what is TODAYs price of the stock? Todays Dividend $4.85 Discount Rate 6.00% Growth rate in dividends 0 to
Given the information in the table, what is TODAYs price of the stock?
| Todays Dividend | $4.85 |
| Discount Rate | 6.00% |
| Growth rate in dividends 0 to 1 | 3.00% |
| Growth rate in dividends 1to 2 | 1.00% |
| Growth rate in dividends 2 to 3 | 3.00% |
| Growth rate in dividends 3 onward | 7.00% |
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Case Studies In Finance
Authors: Robert Bruner, Kenneth Eades, Michael Schill
6th Edition
0073382450, 978-0073382456
