Question
Nike just paid its annual dividend of $1.58 per share. You believe Nike's dividends will decrease at a rate of 2.0% per year going forward.
| Nike just paid its annual dividend of $1.58 per share. You believe Nike's dividends will decrease at a rate of 2.0% per year going forward. Based on your research you estimate, an appropriate discount rate for Nike is 8.0%. Using the DDM, what is fair price for a share of Nike?
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AQA AS Accounting Unit 1 Introduction To Financial Accounting
Authors: Brendan Casey
1st Edition
1499789653, 978-1499789652
