Question
Two Harbors (TWO) is a mortgage real estate investment trust that expects to pay an annual dividend of $1 next year. After that, dividends are
Two Harbors (TWO) is a mortgage real estate investment trust that expects to pay an annual dividend of $1 next year. After that, dividends are expected to grow at a 8.3% rate for the next three years (years 2-4) and then grow at a constant rate of 3.6% thereafter (starting in year 5). The applicable discount rate is 10%. What is the per-share intrinsic value of TWO?
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Technical Analysis The Complete Resource for Financial Market Technicians
Authors: Charles D. Kirkpatrick, Julie R. Dahlquist
1st edition
