Question
***** show all steps in calculations, including financial calculator inputs. Set calculators to 4 decimal places Analysts believe Samuels Charging Stations dividends are expected to
***** show all steps in calculations, including financial calculator inputs. Set calculators to 4 decimal places
Analysts believe Samuels Charging Stations dividends are expected to grow at a rate of 25 percent for the next two years, with the growth rate falling off to a constant 3 percent thereafter. If the required return is 12 percent, and the company last paid a dividend of $1 per share, what is the current value of the stock? Remember to show all work for each step from setting up formulas to final result. Solve using a Financial Calculator showing all calculator inputs.
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