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Rentz RVs Inc. (RRV) is presently enjoying relatively high growth becasue of a surge in the demand for recreational vehicles. Management expects earnings and divdends
Rentz RVs Inc. (RRV) is presently enjoying relatively high growth becasue of a surge in the demand for recreational vehicles. Management expects earnings and divdends to grow at a rate of 25% for the next 4 years,after which high gas prices will probably reduce the growth rate in earnings and dividends to zero,i.e. The company last dividend was $1.25 and required rate of return is 9.6% What is the current price of common stock?
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