Question
Growing Real Fast Company (GRF) is expected to have a 25 percent growth rate for the next four years (affecting D1, D2, D3, and D4).Beginning
Growing Real Fast Company (GRF) is expected to have a 25 percent growth rate for the next four years (affecting D1, D2, D3, and D4).Beginning in year five, the growth rate is expected to drop to 3.3 percent per year and last indefinitely.If GRF just paid a $9.00 dividend and the appropriate discount rate is 14.7 percent, then what is the value of a share of GRF? Enter answer to two decimal places.
And my answer is 104.54 it is correct or wrong?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
11th edition
324422870, 324422873, 978-0324302691
