Question
The In-Tech Company just paid a dividend of $1.65 per share. Analysts expect its dividend to grow at 10 percent per year for the next
The In-Tech Company just paid a dividend of $1.65 per share. Analysts expect its dividend to grow at 10 percent per year for the next three years and then 2 percent per year thereafter. If the required rate of return on the stock is 16 percent, what is the current value of the stock?
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Financial Analysis With Microsoft Excel
Authors: Timothy R. Mayes
9th Edition
0357442059, 9780357442050
