Question
The dividend for Myrtle ordinary shares is expected to be $1.20 next year. Growth in this dividend is expected to be 8% for the following
The dividend for Myrtle ordinary shares is expected to be $1.20 next year. Growth in this dividend is expected to be 8% for the following two years, then it is expected to drop to 5% and continue at 5% to infinity. If the required rate of return on these shares is 12 %, what is the approximate current value of the firms shares?
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Money Banking And Financial Markets
Authors: Stephen Cecchetti, Kermit Schoenholtz
3rd Edition
007337590X, 9780073375908
