STOCK VALUATION

		Dividend Growth Model - Constant Growth
Inputs
Dividend Growth Rate	3%
Required rate of return	11%
Dividend Discount Model		Finite Horizon					Infin Horiz
Year	0	1	2	3	4	5
Dividend Growth Rate		3.0%	3.0%	3.0%	3.0%	3.0%	3.0%
Dividend	$6.64	Calculate the stock value using the Dividend Growth Model and the data provided in the yellow cells. Two hints: 1) notice that the dividend growth does not change, and 2) What year is the dividend in cell B11 received?
Stock Value