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The current cash dividend for Huntress Construction's ordinary shares is $2.00. Growth in this dividend is expected to be 10% for years 1, 2, and
The current cash dividend for Huntress Construction's ordinary shares is $2.00. Growth in this dividend is expected to be 10% for years 1, 2, and 3: then it will drop to 4% for years 4 and 5, after which it is expected to be 2% to infinity. If the required rate of return on this firm's ordinary shares is 15%, what is the approximate current market value of the share?
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