Question
Korn Ferrys information is below. Use it and the Two-stage Growth Model to find its intrinsic value. Forecast its cash flows for 2024 through 2027.
Korn Ferrys information is below. Use it and the Two-stage Growth Model to find its intrinsic value.
Forecast its cash flows for 2024 through 2027.
Is it over or under-valued?
2023 2024 2025 2026 2027
Beta 1.15 (2023)
Dividend $0.70 (2024)
Growth rates 0.120 0.151 0.151 (2025-2027)
For reference: Risk free rate = 0.016 Market rate = 0.136
Please show work via excel graph.
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Property Finance
Authors: David Isaac
2nd Edition
0333987144, 978-0333987148
