Question
ODL Corporation expects dividends to grow at a rate of 15% for the next two years. After two years dividends are expected to grow at
ODL Corporation expects dividends to grow at a rate of 15% for the next two years. After two years dividends are expected to grow at a constant rate of 5%, indefinitely. TWMs required rate of return is 12% and they paid a $2.00 dividend today. What is the value of ODL Corporations common stock per share today? (Enter your answer to the nearest cent without $ or comma as XXX.XX)
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Financial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
5th Edition
9781118560952, 1118560957, 978-0470239803
