Question
PS28 #1 A stock just paid a dividend of $2.51. The dividend is expected to grow at 20.85% for two years and then grow at
PS28 #1
A stock just paid a dividend of $2.51. The dividend is expected to grow at 20.85% for two years and then grow at 4.80% thereafter. The required return on the stock is 13.99%. What is the value of the stock?
Answer format: Currency: Round to: 2 decimal places.
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Case Studies In Finance
Authors: Robert F. Bruner
4th Edition
0072338628, 978-0072338621
