Question
Intro A stock just paid an annual dividend of $5.5. The dividend is expected to grow by 4% per year for the next 4 years.
Intro
A stock just paid an annual dividend of $5.5. The dividend is expected to grow by 4% per year for the next 4 years. In 4 years, the P/E ratio is expected to be 23 and the payout ratio to be 60%.
The required rate of return is 8%.
Attempt 1/5 for 10 pts.
Part 1
What is the intrinsic value of the stock?
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The International Handbook Of Shipping Finance
Authors: Manolis G. Kavussanos, Ilias D. Visvikis
1st Edition
113746545X, 978-1137465450
