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Syarikat Senang Berhad has just paid an annual dividend of RM 0.30. The company's CFO predicts a 5% per year growth rate in earnings over
Syarikat Senang Berhad has just paid an annual dividend of RM 0.30. The company's CFO predicts a 5% per year growth rate in earnings over the next 5 years. After that the earnings are expected to grow at a slower rate at 3% per year. If the company's cost of capital is at 9% per year, by using dividend-discount model, what should be the estimated current price for its common stock?
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