Question
Nachman Industries just paid a dividend of $1.32.Analysts expect the company's dividend to grow by 30% this year and at a constant rate of 5%
Nachman Industries just paid a dividend of $1.32.Analysts expect the company's dividend to grow by 30% this year and at a constant rate of 5% thereafter.The required return on this stock is 9%.What is the best estimate of the stock's current market value?
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Analysis for Financial Management
Authors: Robert c. Higgins
8th edition
73041807, 73041803, 978-0073041803
