Question
The Stewrt brewing company's last dividend (D0) was $2.00. Its dividend growth rate is expected to be 30% for the next 3 years, after which
The Stewrt brewing company's last dividend (D0) was $2.00. Its dividend growth rate is expected to be 30% for the next 3 years, after which dividends are expected to grow at a constant rate of 4% forever. Its required return (rs) is 11%. What is the best estimate of the current stock price using the Non-Constant Dividend Growth Model?
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International Finance Transactions Policy And Regulation
Authors: Hal Scott, Anna Gelpern
21st Edition
1634602048, 978-1634602044
