Question
Management has recently announced that expected dividends for the next three years will be as follows: YEARDIVIDEND 11.2 21.6 32.5 After year 3, dividends are
Management has recently announced that expected dividends for the next three years will be as follows:
YEARDIVIDEND
11.2
21.6
32.5
After year 3, dividends are expected to grow at the rate of 3.5% per year. An appropriate required return for the stock is 13%. What should be the stock worth today?
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Financial Management For Decision Makers
Authors: Peter Atrill
7th Edition
129201606X, 978-1292016061
