Question
Terahertz Tech (TT) expects dividends to grow by 14.30% for the next two years, then for growth to stabilize at 5.10% for the long-term, Their
Terahertz Tech (TT) expects dividends to grow by 14.30% for the next two years, then for growth to stabilize at 5.10% for the long-term, Their most recent annual dividends were $2.80. You estimate the discount rate for TT to be 10.80%. Using this information, you determine the company's price should be:
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Project Financing Asset-Based Financial Engineering
Authors: John D Finnerty
3rd Edition
1118421841, 9781118421840
