Question
Problem 8-28 Value of Future Cash Flows (LG8-5) A firm recently paid a $0.90 annual dividend. The dividend is expected to increase by 12 percent
Problem 8-28 Value of Future Cash Flows (LG8-5)
| A firm recently paid a $0.90 annual dividend. The dividend is expected to increase by 12 percent in each of the next four years. In the fourth year, the stock price is expected to be $63. |
| If the required return for this stock is 14.50 percent, what is its current value? (Do not round intermediate calculations and round your final answer to 2 decimal places.) |
| Current value | $
|
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Interest Rate Swaps And Their Derivatives A Practitioners Guide
Authors: Amir Sadr
1st Edition
0470443944, 978-0470443941
