Question
The last dividend paid by Abbot Company was $ 3.22 $3.22 . Dividends are expected to grow at 13 % 13% for the next 2years,
The last dividend paid by Abbot Company was $ 3.22
$3.22. Dividends are expected to grow at 13 %
13% for the next 2years, then grow at a constant 4 %
4% indefinitely. If the required return is 5 %
5%, what should be the current stockprice?
The current stock price should be $
395.05
Show me the math in Excel please?
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Analysis for Financial Management
Authors: Robert c. Higgins
8th edition
73041807, 73041803, 978-0073041803
