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KCB, Inc. just paid a $1.20 dividend, and analysts expect it to grow 150% in each of the next three years. The dividend growth rate
KCB, Inc. just paid a $1.20 dividend, and analysts expect it to grow 150% in each of the next three years. The dividend growth rate is expected to be 4.0% annually after that. The required rate of return on KCB stock is 10.5%. 4 pts a. What is the intrinsic value of KCB stock today? b. What would you expect the intrinsic value of KCB stock to be one year from today?
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