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McDonalds (MCD) pays dividend of $10 in 2020 (0). MCD plans to grow their dividend payment by 2% for two years, 3% for another two

McDonalds (MCD) pays dividend of $10 in 2020 (0). MCD plans to grow their dividend payment by 2% for two years, 3% for another two years, and 2.5% after that. Investors required rate of return is 8%.

  • - Find the intrinsic value of MCD based on the dividend discount model

  • - If the current market price of MCD is $204, will you buy or sell MCD and why?

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