Question
McIntosh Industries, Inc. just paid a $3 dividend. Analysts expect the dividend to grow 20 percent per year for the next two years, and 5
McIntosh Industries, Inc. just paid a $3 dividend. Analysts expect the dividend to grow 20 percent per year for the next two years, and 5 percent annually thereafter. The required rate of return for a stock of this risk is 12 percent. What is the current value of a share of McIntosh Industries?
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Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus, Lorne Switzer, Maureen Stapleton, Dana Boyko, Christine Panasian
9th Canadian Edition
1259271935, 9781259271939
