Question
Suppose that the current year dividend is $2, the discount rate is 0.7 and dividend growth rate is 0.27. Using the dividend discount model, compute
Suppose that the current year dividend is $2, the discount rate is 0.7 and dividend growth rate is 0.27.
Using the dividend discount model, compute the intrinsic value of this stock. Round your answer to two decimal places. Do not type "$" in your answer.
For example, if your answer is $23.456, type 23.46
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Money Banking And Financial Markets
Authors: Stephen Cecchetti, Kermit Schoenholtz
6th Edition
1260226786, 9781260226782
