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Intro A stock is expected to pay its first annual dividend in 1 years. The dividend is expected to stay constant at $1.8 per year
Intro A stock is expected to pay its first annual dividend in 1 years. The dividend is expected to stay constant at $1.8 per year for 20 years and then grow at 5% annually forever. The required rate of return is 13%. (hint: non-standard dividends; two-stage) * Attempt 1/3 for 10 pts. Part 1 What should be the stock price now? 1+ decimals Submit
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