Question
Multistage Growth At the beginning of 2010 stock of Boatright Stores is projecting the following dividends Year Dividend 2010 0.96 2011 1.04 2012 1.28 After
Multistage Growth At the beginning of 2010 stock of Boatright Stores is projecting the following dividends
| Year | Dividend |
| 2010 | 0.96 |
| 2011 | 1.04 |
| 2012 | 1.28 |
| After this dividend growth will be steady. Value Line forecasts a retention rate of 45% and a long term ROE of 11%. The required return for Boatright is 9%. The intrinsic value of Boatright is ________. |
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
12th Edition
0136096689, 978-0136096689
