Question
IBM will pay tomorrow a dividend of $0.75 per share, and that dividend is expected to grow at a constant rate of 6.5% per year
IBM will pay tomorrow a dividend of $0.75 per share, and that dividend is expected to grow at a constant rate of 6.5% per year in the future.
Additional information: the company's beta is 1.25, required return on the market is 10.5%, and the risk free is 4.5%.
What is the company's current stock price?
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To calculate the current stock price of IBM you can use the Gordon Growth Mod...
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th Edition
1337614689, 1337614688, 9781337668262, 978-1337614689
