Question
The current dividend on an equity share of Dizzy Limited is Rs 2.00. Dizzy is expected to enjoy an above-normal growth rate of 18 percent
The current dividend on an equity share of Dizzy Limited is Rs 2.00. Dizzy is expected to enjoy an above-normal growth rate of 18 percent for 6 years. Thereafter the growth rate will fall and stabilise at 12 percent. Equity investors require a return of 16 percent from Dizzys stock. What is the intrinsic value of the equity share of Dizzy
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2001 Miller Audit Procedures Miller Engagement
Authors: George Georgiades
1st Edition
0156071940, 978-0156071949
