Question
) Nosybook Company stocks pay no dividend. In 8 years from today, the company is expected to pay its first annual dividend of $2.8 per
) Nosybook Company stocks pay no dividend. In 8 years from today, the company is expected to pay its first annual dividend of $2.8 per share. Then the dividend growth is expected to be 1.2% forever. If the required return on similar stocks is 16.5%, what is the value of the Nosybook Company stock now?
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Introduction To Estimating Economic Models
Authors: Atsushi Maki
1st Edition
0415589878, 978-0415589871
