Question
The Rodriguez Company's current dividend was $1.90. Its dividend will grow by 6%, 7%, 8%, and 9% for the first 4 years. And then, dividends
The Rodriguez Company's current dividend was $1.90. Its dividend will grow by 6%, 7%, 8%, and 9% for the first 4 years. And then, dividends are expected to grow at a rate of 5% forever. Its required return is 15%.
The best estimate of the stock price at YEAR 4 is _______?
The best estimate of the CURRENT stock price is _______?
Round up your answers to three decimals in $.
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Financial Management Theory And Practice
Authors: Eugene F Brigham, Michael C Ehrhardt
11th Edition
0324259689, 9780324259681
