Question
Please show work if possible and answer both examples for a thumbs up. Thank you! A stock just paid a dividend of $2.12. The dividend
Please show work if possible and answer both examples for a thumbs up. Thank you!
A stock just paid a dividend of $2.12. The dividend is expected to grow at 20.87% for three years and then grow at 3.00% thereafter. The required return on the stock is 10.91%. What is the value of the stock?
A stock just paid a dividend of $2.33. The dividend is expected to grow at 20.09% for three years and then grow at 4.19% thereafter. The required return on the stock is 12.12%. What is the value of the stock?
Answer format: Currency: Round to: 2 decimal place
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