Question
PPL Corp. issued a dividend of $3.25 this year. Assume this dividend will grow at an annual percentage of 20% each year for next 3
PPL Corp. issued a dividend of $3.25 this year. Assume this dividend will grow at an annual percentage of 20% each year for next 3 years, and that it will thereafter grow by 4.4% each year indefinitely afterwards. Assuming the discount rate of 11.2%, what is the market value of PPL Corp.s stock under the Dividend Growth Model?
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The Global Financial Crisis What Have We Learnt
Authors: Steven Kates
1st Edition
0857934228, 978-0857934222
