Question
Topic: Stock Valuation A company's dividend this year is $2.25 per share, and dividends are expected to grow at 12% for the next four years
Topic: Stock Valuation
A company's dividend this year is $2.25 per share, and dividends are expected to grow at 12% for the next four years and at 5% indefinitely after that. If the firm's discount rate is 8%, what is the value of one share today?
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
6th edition
1305968352, 978-1337635653, 978-1305968356
